Liberum Capital Reiterates “Sell” Rating for Babcock International Group PLC (BAB)
Babcock International Group PLC (LON:BAB)‘s stock had its “sell” rating restated by research analysts at Liberum Capital in a report released on Tuesday. They currently have a GBX 1,065 ($18.20) price objective on the stock. Liberum Capital’s target price points to a potential downside of 4.66% from the stock’s previous close.
Babcock International Group PLC (LON:BAB) traded down 1.41% during mid-day trading on Tuesday, hitting GBX 1117.00. The stock had a trading volume of 1,290,327 shares. Babcock International Group PLC has a 52 week low of GBX 1078.00 and a 52 week high of GBX 1774.6899. The stock’s 50-day moving average is GBX 1156. and its 200-day moving average is GBX 1291.. The company’s market cap is £4.031 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “buy” rating on shares of Babcock International Group PLC in a research note on Monday, July 21st. They now have a GBX 1,377 ($23.53) price target on the stock. Separately, analysts at WH Ireland reiterated a “buy” rating on shares of Babcock International Group PLC in a research note on Monday, July 21st. They now have a GBX 1,450 ($24.78) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Babcock International Group PLC in a research note on Tuesday, July 15th. They now have a GBX 1,500 ($25.63) price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,428.67 ($24.41).
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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