Babcock International Group PLC Given Buy Rating at Cantor Fitzgerald Europe (BAB)
Babcock International Group PLC (LON:BAB)‘s stock had its “buy” rating reiterated by equities researchers at Cantor Fitzgerald Europe in a research report issued on Monday. They currently have a GBX 1,600 ($26.91) price objective on the stock. Cantor Fitzgerald Europe‘s price target would suggest a potential upside of 34.68% from the company’s current price.
Babcock International Group PLC (LON:BAB) opened at 1188.00 on Monday. Babcock International Group PLC has a one year low of GBX 946.066 and a one year high of GBX 1301.392. The stock has a 50-day moving average of GBX 1277. and a 200-day moving average of GBX 1336.56. The company’s market cap is £4.272 billion.
A number of other firms have also recently commented on BAB. 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 ($23.16) price target on the stock, down previously from GBX 1,385 ($23.30). Separately, 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 ($25.65) price target on the stock, up previously from GBX 1,350 ($22.71). Finally, analysts at Liberum Capital reiterated a “sell” rating on shares of Babcock International Group PLC in a research note on Monday, March 31st. They now have a GBX 1,200 ($20.19) price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 1,463.08 ($24.61).
Babcock International Group PLC is a holding company. The Company’s segments include Marine and Technology, Defence and Security, Support Services, and International.
To view Cantor Fitzgerald Europe’s full report, visit Cantor Fitzgerald Europe’s official website.
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