Analysts Set Babcock International Group PLC (BAB) PT at $796.00

Babcock International Group PLC (LON:BAB) has received a consensus recommendation of “Buy” from the nine brokerages that are presently covering the stock, reports. Three research analysts have rated the stock with a hold recommendation and six have assigned 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 796 ($10.40).

A number of research firms have recently issued reports on BAB. Shore Capital restated a “buy” rating on shares of Babcock International Group in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. restated an “overweight” rating on shares of Babcock International Group in a research note on Monday, April 8th. Goldman Sachs Group raised their price target on Babcock International Group from GBX 800 ($10.45) to GBX 860 ($11.24) and gave the stock a “buy” rating in a research note on Monday, January 21st. Numis Securities restated a “buy” rating and issued a GBX 780 ($10.19) price target on shares of Babcock International Group in a research note on Tuesday, February 5th. Finally, Peel Hunt upgraded Babcock International Group to an “add” rating and raised their price target for the stock from GBX 540 ($7.06) to GBX 578 ($7.55) in a research note on Tuesday, January 22nd.

Shares of BAB opened at GBX 517 ($6.76) on Friday. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 58.28. Babcock International Group has a 12 month low of GBX 471.90 ($6.17) and a 12 month high of GBX 868 ($11.34). The firm has a market cap of $2.61 billion and a price-to-earnings ratio of 10.88.

About Babcock International Group

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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Analyst Recommendations for Babcock International Group (LON:BAB)

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