Babcock International Group PLC Receives New Coverage from Analysts at Credit Suisse (BAB)
Analysts at Credit Suisse assumed coverage on shares of Babcock International Group PLC (LON:BAB) in a research report issued to clients and investors on Tuesday, American Banking News.com reports. The firm set an “outperform” rating and a GBX 1,350 ($22.74) price target on the stock. Credit Suisse’s price target points to a potential upside of 8.87% from the stock’s previous close.
Babcock International Group PLC (LON:BAB) traded up 1.22% during mid-day trading on Tuesday, hitting GBX 1240.00. The stock had a trading volume of 1,355,797 shares. Babcock International Group PLC has a one year low of GBX 943.474 and a one year high of GBX 1301.392. The stock’s 50-day moving average is GBX 1289. and its 200-day moving average is GBX 1338.. The company’s market cap is £4.459 billion.
BAB has been the subject of a number of other recent research reports. Analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Babcock International Group PLC in a research note on Monday. They now have a GBX 1,410.72 ($23.76) price target on the stock. Separately, analysts at Investec upgraded shares of Babcock International Group PLC to a “buy” rating in a research note on Tuesday, April 22nd. They now have a GBX 1,377 ($23.19) price target on the stock, down previously from GBX 1,385 ($23.33). Finally, analysts at Panmure Gordon upgraded shares of Babcock International Group PLC to a “buy” rating in a research note on Tuesday, April 1st. They now have a GBX 1,525 ($25.69) price target on the stock, up previously from GBX 1,350 ($22.74). One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of GBX 1,430.77 ($24.10).
Babcock International Group PLC is a holding company. The Company’s segments include Marine and Technology, Defence and Security, Support Services, and International.
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