Babcock International Group (LON:BAB) Price Target Cut to GBX 1,390 by Analysts at Royal Bank Of Canada

Babcock International Group (LON:BAB – Get Free Report) had its price objective lowered by analysts at Royal Bank Of Canada from GBX 1,400 to GBX 1,390 in a research note issued on Monday,Digital Look reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 34.04% from the stock’s current price.

BAB has been the subject of several other research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,400 price target on shares of Babcock International Group in a research report on Wednesday, July 1st. Citigroup increased their price objective on shares of Babcock International Group from £155.40 to £155.60 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 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, May 14th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Babcock International Group has an average rating of “Buy” and a consensus target price of GBX 4,304.

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Babcock International Group Stock Up 0.1%

BAB stock opened at GBX 1,037 on Monday. The business has a 50 day moving average of GBX 1,023.44 and a 200 day moving average of GBX 1,219.97. The firm has a market cap of £5.08 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. Babcock International Group has a twelve month low of GBX 902.40 and a twelve month high of GBX 1,527. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 178.86.

Babcock International Group (LON:BAB – Get Free Report) last released its earnings results on Monday, June 22nd. The company reported GBX 42.10 EPS for the quarter. Babcock International Group had a return on equity of 31.57% and a net margin of 4.08%.The business had revenue of GBX 517.77 billion for the quarter. On average, research analysts forecast that Babcock International Group will post 41.4298019 EPS for the current fiscal year.

About Babcock International Group

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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.

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