Babcock International Group Given “Overweight” Rating at JPMorgan Chase & Co. (BAB)
Babcock International Group (LON:BAB)‘s stock had its “overweight” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday, American Banking News reports. They currently have a GBX 1,380 ($21.58) target price on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 16.95% from the company’s current price.
BAB has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “hold” rating on shares of Babcock International Group (LON:BAB) in a research note to investors on Thursday, August 29th. They now have a GBX 1,050 ($16.42) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Babcock International Group (LON:BAB) in a research note to investors on Thursday, August 22nd. Finally, analysts at Shore Capital Stockbrokers reiterated a “hold” rating on shares of Babcock International Group (LON:BAB) in a research note to investors on Tuesday, July 23rd.
Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Babcock International Group presently has an average rating of “Buy” and an average target price of GBX 1,261.18 ($19.72).
Shares of Babcock International Group (LON:BAB) traded up 2.08% during mid-day trading on Tuesday, hitting GBX 1180.00. 655,220 shares of the company’s stock traded hands. Babcock International Group has a 52-week low of GBX 906.00 and a 52-week high of GBX 1774.6899. The stock’s 50-day moving average is GBX 1167. and its 200-day moving average is GBX 1122.. The company’s market cap is £4.237 billion.
Babcock International Group PLC is an engineering support services Company. The Company’s segments include Marine and Technology, Defence and Security, Support Services, and International.
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