Babcock International Group PLC’s (BAB) Neutral Rating Reiterated at BNP Paribas
Babcock International Group PLC (LON:BAB)‘s stock had its “neutral” rating restated by research analysts at BNP Paribas in a report released on Monday. They currently have a GBX 1,050 ($13.71) price objective on the stock. BNP Paribas’ price objective suggests a potential upside of 4.44% from the company’s current price.
Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Babcock International Group PLC from GBX 1,427 ($18.63) to GBX 1,440 ($18.80) and gave the company an “overweight” rating in a report on Monday, October 3rd. Shore Capital reissued a “buy” rating on shares of Babcock International Group PLC in a report on Thursday, September 29th. Credit Suisse Group AG reissued a “neutral” rating and set a GBX 1,080 ($14.10) price target on shares of Babcock International Group PLC in a report on Thursday, September 29th. Liberum Capital increased their price target on Babcock International Group PLC from GBX 900 ($11.75) to GBX 1,050 ($13.71) and gave the company a “hold” rating in a report on Thursday, September 29th. Finally, Goldman Sachs Group Inc. reissued a “conviction-buy” rating and set a GBX 1,480 ($19.32) price target on shares of Babcock International Group PLC in a report on Thursday, September 8th. One 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’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 1,174.92 ($15.34).
Shares of Babcock International Group PLC (LON:BAB) traded down 0.50% during midday trading on Monday, reaching GBX 1000.00. The company’s stock had a trading volume of 1,208,892 shares. Babcock International Group PLC has a 52-week low of GBX 780.00 and a 52-week high of GBX 1,112.00. The stock’s market cap is GBX 5.04 billion. The stock has a 50-day moving average price of GBX 1,062.81 and a 200-day moving average price of GBX 994.07.
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In other news, insider Hardy,Roger acquired 10,417 shares of the business’s stock in a transaction dated Friday, July 29th. The stock was purchased at an average price of GBX 965 ($12.60) per share, for a total transaction of £100,524.05 ($131,215.31).
About Babcock International Group PLC
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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