Babcock International Group PLC’s Overweight Rating Reaffirmed at JPMorgan Chase & Co. (BAB)
Babcock International Group PLC (LON:BAB)‘s stock had its “overweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report issued on Tuesday. They currently have a GBX 1,500 ($25.68) price target on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 35.38% from the stock’s previous close.
Shares of Babcock International Group PLC (LON:BAB) traded down 0.63% on Tuesday, hitting GBX 1108.00. The stock had a trading volume of 1,297,212 shares. Babcock International Group PLC has a one year low of GBX 978.689 and a one year high of GBX 1301.392. The stock’s 50-day moving average is GBX 1179. and its 200-day moving average is GBX 1304.18. The company’s market cap is £3.999 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Babcock International Group PLC in a research note on Monday, June 30th. They now have a GBX 1,350 ($23.11) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Babcock International Group PLC in a research note on Thursday, June 26th. They now have a GBX 1,450 ($24.82) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Babcock International Group PLC in a research note on Tuesday, June 24th. They now have a GBX 1,377 ($23.57) price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 1,429.21 ($24.47).
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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