Babcock International Group PLC Receives Average Rating of “Buy” from Brokerages (LON:BAB)
Shares of Babcock International Group PLC (LON:BAB) have been given an average rating of “Buy” by the eighteen brokerages that are presently covering the company, Stock Ratings Network.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,430.77 ($24.10).
Babcock International Group PLC (LON:BAB) opened at 1200.00 on Friday. Babcock International Group PLC has a 1-year low of GBX 946.066 and a 1-year high of GBX 1301.392. The stock’s 50-day moving average is GBX 1282.18 and its 200-day moving average is GBX 1337.. The company’s market cap is £4.315 billion.
Several analysts have recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Babcock International Group PLC in a research note on Tuesday. They set an “outperform” rating and a GBX 1,350 ($22.74) price target on the stock. Separately, 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. Finally, 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).
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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