Babcock International Group’s “Buy” Rating Reaffirmed at Cantor Fitzgerald Europe (BAB)
Babcock International Group (LON:BAB)‘s stock had its “buy” rating reaffirmed by equities researchers at Cantor Fitzgerald Europe in a research report issued on Monday, Stock Ratings Network.com reports. They currently have a GBX 1,600 ($26.26) price objective on the stock. Cantor Fitzgerald Europe’s price objective points to a potential upside of 14.53% from the company’s current price.
Shares of Babcock International Group (LON:BAB) opened at 1398.00 on Monday. Babcock International Group has a 52-week low of GBX 997.5001 and a 52-week high of GBX 1408.00. The stock has a 50-day moving average of GBX 1327. and a 200-day moving average of GBX 1235.. The company’s market cap is £5.027 billion.
A number of other analysts have also recently weighed in on BAB. 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 analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. Babcock International Group presently has an average rating of “Hold” and a consensus target price 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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