Royal Bank Of Canada Boosts Babcock International Group (LON:BAB) Price Target to GBX 1,400

Babcock International Group (LON:BAB) had its price objective lifted by research analysts at Royal Bank Of Canada from GBX 1,280 to GBX 1,400 in a research note issued on Friday,London Stock Exchange reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 46.66% from the company’s previous close.

BAB has been the topic of several other reports. Citigroup upgraded Babcock International Group to a “buy” rating and set a GBX 1,554 target price on the stock in a research report on Wednesday, April 1st. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,670 price target on shares of Babcock International Group in a research report on Wednesday. JPMorgan Chase & Co. decreased their price target on Babcock International Group from GBX 1,700 to GBX 1,500 and set an “overweight” rating for the company in a research note on Thursday. Finally, Berenberg Bank restated a “buy” rating and set a GBX 1,670 price objective on shares of Babcock International Group in a research note on Friday, January 23rd. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Babcock International Group currently has a consensus rating of “Buy” and an average target price of GBX 1,558.80.

Babcock International Group Stock Performance

Shares of LON:BAB traded down GBX 20.80 during trading hours on Friday, hitting GBX 954.60. The stock had a trading volume of 31,458,355 shares, compared to its average volume of 13,487,994. The stock’s fifty day simple moving average is GBX 1,230.78 and its 200 day simple moving average is GBX 1,273.55. The firm has a market capitalization of £4.67 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 147.82, a quick ratio of 0.76 and a current ratio of 0.82. Babcock International Group has a 1-year low of GBX 836 and a 1-year high of GBX 1,527.

Babcock International Group Company Profile

Babcock International Group PLC, together with its subsidiaries, provides value-add services for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally. The company operates through four segments: Marine, Nuclear, Land, and Aviation. It designs, procures, operates, and manages critical utility and process equipment; offers asset management, defense and maritime training, information and intelligence, equipment and system, and facilities and infrastructure services, as well as naval platforms; and designs, manufactures, and provides through-life support for mechanical and electrical systems and equipment.