Babcock International Group (LON:BAB) Hits New 52-Week High – Time to Buy?

Babcock International Group PLC (LON:BAB)’s share price reached a new 52-week high on Wednesday . The stock traded as high as GBX 611 ($7.61) and last traded at GBX 611 ($7.61), with a volume of 1384085 shares traded. The stock had previously closed at GBX 596 ($7.42).

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BAB shares. Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a research report on Wednesday, November 13th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 565 ($7.04) price target on shares of Babcock International Group in a report on Wednesday, November 13th.

Babcock International Group Trading Down 0.2 %

The stock’s 50 day simple moving average is GBX 513.38 and its 200 day simple moving average is GBX 504.49. The company has a debt-to-equity ratio of 245.75, a quick ratio of 0.76 and a current ratio of 0.86. The firm has a market cap of £3.08 billion, a PE ratio of 1,906.25, a PEG ratio of 1.35 and a beta of 1.28.

Babcock International Group (LON:BAB) last announced its earnings results on Monday, November 18th. The company reported GBX 23.50 ($0.29) earnings per share (EPS) for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 43.29%. On average, sell-side analysts forecast 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.