Liberum Capital reiterated their buy rating on shares of Babcock International Group (LON:BAB) in a report published on Thursday, ThisIsMoney.Co.Uk reports.
A number of other research analysts also recently weighed in on BAB. Numis Securities downgraded Babcock International Group to an add rating in a research note on Friday, June 14th. Peel Hunt reissued a hold rating on shares of Babcock International Group in a research note on Monday, July 15th. Shore Capital reissued a buy rating on shares of Babcock International Group in a research note on Thursday, June 6th. Goldman Sachs Group downgraded Babcock International Group to a neutral rating and cut their price target for the company from GBX 850 ($11.11) to GBX 550 ($7.19) in a research note on Thursday, May 30th. Finally, Royal Bank of Canada reissued a sector perform rating and issued a GBX 550 ($7.19) price target on shares of Babcock International Group in a research note on Monday, June 17th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. Babcock International Group presently has a consensus rating of Hold and an average target price of GBX 621.44 ($8.12).
Shares of BAB stock traded up GBX 20 ($0.26) during trading hours on Thursday, reaching GBX 563.60 ($7.36). The company had a trading volume of 1,482,026 shares, compared to its average volume of 2,170,000. The company has a 50 day moving average of GBX 481.25 and a 200 day moving average of GBX 493.84. The company has a debt-to-equity ratio of 48.99, a current ratio of 0.94 and a quick ratio of 0.72. The firm has a market cap of $2.86 billion and a price-to-earnings ratio of 14.30. Babcock International Group has a 1-year low of GBX 410.10 ($5.36) and a 1-year high of GBX 733.80 ($9.59).
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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