Babcock International Group (LON:BAB) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Babcock International Group (LON:BAB) in a report issued on Wednesday, MarketBeat reports. Berenberg Bank currently has a GBX 910 ($12.20) price objective on the stock.

A number of other equities research analysts have also recently issued reports on the company. Shore Capital restated a “buy” rating on shares of Babcock International Group in a report on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price objective on Babcock International Group from GBX 760 ($10.19) to GBX 900 ($12.07) and gave the stock an “overweight” rating in a report on Monday, March 3rd.

Babcock International Group Trading Down 0.1%

Babcock International Group stock opened at GBX 889.50 ($11.93) on Wednesday. Babcock International Group has a 52 week low of GBX 455.40 ($6.11) and a 52 week high of GBX 895 ($12.00). The company has a debt-to-equity ratio of 256.62, a quick ratio of 0.76 and a current ratio of 0.86. The stock has a market capitalization of £4.46 billion, a P/E ratio of 26.92, a PEG ratio of 1.35 and a beta of 1.28. The stock has a 50-day simple moving average of GBX 768.18 and a 200 day simple moving average of GBX 626.77.

About Babcock International Group

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.