Babcock International Group Rating Reiterated by Berenberg Bank (BAB)
Babcock International Group (LON:BAB)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, StockRatingsNetwork.com reports. They currently have a GBX 1,350 ($21.62) price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 13.16% from the company’s current price.
A number of other firms have also recently commented on BAB. Analysts at Liberum Capital reiterated a “hold” rating on shares of Babcock International Group (LON:BAB) in a research note to investors on Friday, September 20th. They now have a GBX 1,050 ($16.82) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Babcock International Group (LON:BAB) in a research note to investors on Tuesday, September 10th. They now have a GBX 1,380 ($22.10) price target on the stock. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of GBX 1,261.18 ($20.20).
Babcock International Group (LON:BAB) traded up 0.17% on Thursday, hitting GBX 1193.00. The stock had a trading volume of 289,968 shares. Babcock International Group has a 52-week low of GBX 911.50 and a 52-week high of GBX 1225.00. The stock’s 50-day moving average is GBX 1170. and its 200-day moving average is GBX 1128.. The company’s market cap is £4.283 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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