Zacks Investment Research Upgrades Babcock Intl Group (BCKIY) to Buy

Babcock Intl Group (OTCMKTS:BCKIY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage presently has a $12.00 price target on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 9.21% from the company’s current price.

According to Zacks, “Babcock International Group PLC offers engineering support services to the defense, energy, emergency services, transport and education sectors. The Company’s operating segment consists of Marine and Technology, Defence and Security, Support Services and International. Marine and Technology segment offers engineering support services to the Royal Navy. Defence and Security segment provides to the United Kingdom’s armed forces, delivering technical training and asset management. Support Services segment manages assets, delivers programs and teaches vital skills for civil Governments and blue-chip commercial organizations. Mission Critical Services business is a provider of helicopter and fixed-wing emergency services and crew change services for oil and gas operators primarily in Europe and Australia. Babcock International Group PLC is headquartered in London, the United Kingdom. “

Shares of Babcock Intl Group (BCKIY) traded up $1.74 during mid-day trading on Tuesday, reaching $10.99. The company’s stock had a trading volume of 200 shares, compared to its average volume of 250. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.81 and a current ratio of 0.93. Babcock Intl Group has a 12 month low of $9.25 and a 12 month high of $13.05.

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About Babcock Intl Group

Babcock International Group PLC, together with its subsidiaries, provides engineering support services for defense, marine, aviation, and nuclear sectors. It operates through Marine and Technology, Defence and Security, Support Services, and International divisions. The company delivers through-life marine engineering services ranging from supporting naval fleets, commercial marine, engineering consultancy, weapons handling, equipment support, intelligence and cyber-security, and technical training to defense and civil customers.

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