Shares of Babcock International Group PLC (LON:BAB) have been given a consensus rating of “Buy” by the nine ratings firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 566.20 ($6.97).
Several equities analysts recently commented on BAB shares. Jefferies Financial Group reiterated a “buy” rating on shares of Babcock International Group in a research note on Wednesday, July 1st. JPMorgan Chase & Co. dropped their price objective on shares of Babcock International Group from GBX 533 ($6.56) to GBX 516 ($6.35) and set a “neutral” rating for the company in a research note on Thursday, June 11th. Peel Hunt restated an “add” rating on shares of Babcock International Group in a research note on Friday. Liberum Capital restated a “buy” rating on shares of Babcock International Group in a research note on Monday, July 6th. Finally, Shore Capital restated a “buy” rating on shares of Babcock International Group in a research note on Wednesday, July 1st.
In other news, insider Ruth Cairnie bought 5,000 shares of the stock in a transaction dated Wednesday, July 15th. The shares were acquired at an average price of GBX 286 ($3.52) per share, with a total value of £14,300 ($17,597.83). In the last ninety days, insiders bought 14,987 shares of company stock worth $4,885,944.
Shares of LON BAB opened at GBX 288.40 ($3.55) on Tuesday. The company has a debt-to-equity ratio of 123.17, a quick ratio of 1.07 and a current ratio of 1.30. The firm has a market cap of $1.46 billion and a price-to-earnings ratio of -7.47. The business’s 50-day simple moving average is GBX 312.73 and its 200-day simple moving average is GBX 413.20. Babcock International Group has a 52 week low of GBX 3.08 ($0.04) and a 52 week high of GBX 659.80 ($8.12).
Babcock International Group (LON:BAB) last issued its quarterly earnings data on Thursday, June 11th. The company reported GBX 69.10 ($0.85) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 68.60 ($0.84) by GBX 0.50 ($0.01). As a group, equities research analysts forecast that Babcock International Group will post 8105.7968832 earnings per share for the current year.
Babcock International Group Company Profile
Babcock International Group PLC, together with its subsidiaries, provides engineering services for marine, land, aviation, and nuclear sectors in the United Kingdom and internationally. The company delivers through-life marine engineering services, including 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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