Babcock International Group’s “Buy” Rating Reaffirmed at Cantor Fitzgerald (BAB)
Babcock International Group (LON:BAB)‘s stock had its “buy” rating reiterated by stock analysts at Cantor Fitzgerald in a report issued on Wednesday, AnalystRatingsNetwork.com reports. They currently have a GBX 1,300 ($20.97) price objective on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 6.91% from the company’s current price.
Babcock International Group (LON:BAB) traded down 0.16% on Wednesday, hitting GBX 1216.00. 756,928 shares of the company’s stock traded hands. Babcock International Group has a one year low of GBX 935.9999 and a one year high of GBX 1225.00. The stock has a 50-day moving average of GBX 1170. and a 200-day moving average of GBX 1128.. The company’s market cap is £4.366 billion.
Several other analysts have also recently commented on the stock. Analysts at Westhouse Securities reiterated an “add” rating on shares of Babcock International Group (LON:BAB) in a research note to investors on Monday. They now have a GBX 1,371 ($22.12) 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 Monday. They now have a GBX 1,380 ($22.27) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Babcock International Group (LON:BAB) in a research note to investors on Monday. They now have a GBX 1,250 ($20.17) price target on the stock. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Babcock International Group presently has an average rating of “Buy” and a consensus target price of GBX 1,272.62 ($20.53).
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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