Babcock International Group (LON:BAB) Hits New 12-Month High – Should You Buy?

Babcock International Group PLC (LON:BAB) reached a new 52-week high during trading on Friday . The stock traded as high as GBX 753.50 ($9.75) and last traded at GBX 752.50 ($9.73), with a volume of 1461708 shares changing hands. The stock had previously closed at GBX 721.50 ($9.33).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their price objective on shares of Babcock International Group from GBX 760 ($9.83) to GBX 900 ($11.64) and gave the stock an “overweight” rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Babcock International Group presently has an average rating of “Moderate Buy” and an average target price of GBX 687.50 ($8.89).

Babcock International Group Trading Up 4.3 %

The firm’s 50-day simple moving average is GBX 592.49 and its 200 day simple moving average is GBX 528.84. The stock has a market cap of £3.78 billion, a P/E ratio of 22.77, a PEG ratio of 1.35 and a beta of 1.28. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 256.62.

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.