Babcock International Group (LON:BAB) Reaches New 1-Year High – Still a Buy?

Babcock International Group PLC (LON:BAB)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 611 ($7.68) and last traded at GBX 611 ($7.68), with a volume of 1384085 shares changing hands. The stock had previously closed at GBX 596 ($7.49).

Analysts Set New Price Targets

A number of brokerages have commented on BAB. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a report on Wednesday, November 13th. Berenberg Bank reissued a “hold” rating and set a GBX 565 ($7.10) price target on shares of Babcock International Group in a research note on Wednesday, November 13th.

Babcock International Group Stock Performance

The firm has a fifty day moving average of GBX 516.69 and a 200-day moving average of GBX 505.90. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 256.62. The firm has a market cap of £3.07 billion, a P/E ratio of 18.50, a PEG ratio of 1.35 and a beta of 1.28.

Babcock International Group (LON:BAB) last issued its earnings results on Monday, November 18th. The company reported GBX 23.50 ($0.30) earnings per share (EPS) for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 44.68%. Research analysts predict that Babcock International Group PLC will post 41.4298019 earnings per share for the current fiscal year.

Babcock International Group Company Profile

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.