Babcock International Group Receives “Buy” Rating from Cantor Fitzgerald Europe (BAB)
Babcock International Group (LON:BAB)‘s stock had its “buy” rating restated by research analysts at Cantor Fitzgerald Europe in a report released on Monday, American Banking and Market News reports. They currently have a GBX 1,600 ($26.26) target price on the stock. Cantor Fitzgerald Europe’s price objective suggests a potential upside of 14.53% from the stock’s previous close.
Babcock International Group (LON:BAB) traded up 0.36% during mid-day trading on Monday, hitting GBX 1402.00. 330,752 shares of the company’s stock traded hands. Babcock International Group has a 1-year low of GBX 997.5001 and a 1-year high of GBX 1408.00. The stock’s 50-day moving average is GBX 1327. and its 200-day moving average is GBX 1235.. The company’s market cap is £5.041 billion.
BAB has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “sell” rating on shares of Babcock International Group in a research note to investors on Friday, January 10th. They now have a GBX 1,200 ($19.70) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Babcock International Group in a research note to investors on Tuesday, December 17th. They now have a GBX 1,600 ($26.26) price target on the stock. Finally, analysts at Panmure Gordon downgraded shares of Babcock International Group to a “hold” rating in a research note to investors on Monday, November 25th. They now have a GBX 1,350 ($22.16) price target on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 1,364.92 ($22.41).
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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