Babcock International Group PLC (BAB) Stock Rating Reaffirmed by BNP Paribas
Babcock International Group PLC (LON:BAB)‘s stock had its “neutral” rating reiterated by research analysts at BNP Paribas in a report issued on Monday. They currently have a GBX 1,050 ($13.71) price objective on the stock. BNP Paribas’ target price would suggest a potential upside of 4.44% from the company’s current price.
A number of other analysts have also recently weighed in on BAB. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,427 ($18.63) price objective on shares of Babcock International Group PLC in a report on Thursday, June 23rd. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 1,245 ($16.25) price objective on shares of Babcock International Group PLC in a report on Monday, June 27th. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a GBX 950 ($12.40) price objective (down previously from GBX 1,250 ($16.32)) on shares of Babcock International Group PLC in a report on Tuesday, June 28th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 1,000 ($13.05) price objective on shares of Babcock International Group PLC in a report on Thursday, July 21st. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,121 ($14.63) price objective on shares of Babcock International Group PLC in a report on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 1,174.92 ($15.34).
Shares of Babcock International Group PLC (LON:BAB) opened at 1000.00 on Monday. The firm has a 50 day moving average of GBX 1,062.81 and a 200 day moving average of GBX 994.07. The stock’s market cap is GBX 5.04 billion. Babcock International Group PLC has a one year low of GBX 780.00 and a one year high of GBX 1,112.00.
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In other news, insider Hardy,Roger bought 10,417 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was bought at an average cost of GBX 965 ($12.60) per share, for a total transaction of £100,524.05 ($131,215.31).
Babcock International Group PLC Company Profile
Babcock International Group PLC is a United Kingdom-based engineering support services company, which delivers complex and critical support to the defense, emergency services, energy, transport and education sectors, both in the United Kingdom and overseas. The Company is a supplier to all three of the United Kingdom’s armed forces, providing through-life support for naval and land fleets, technical training and asset management through its Marine & Technology and Defense and Security divisions.
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