Babcock International Group PLC (BAB) Earns Buy Rating from Peel Hunt
Babcock International Group PLC (LON:BAB)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a research report issued to clients and investors on Friday. They currently have a GBX 1,121 ($13.87) price objective on the stock. Peel Hunt’s target price points to a potential upside of 13.35% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. Goldman Sachs Group Inc. reissued a “buy” rating and set a GBX 1,245 ($15.41) price target on shares of Babcock International Group PLC in a research report on Monday, June 27th. Deutsche Bank AG reissued a “buy” rating and set a GBX 1,135 ($14.05) price target on shares of Babcock International Group PLC in a research report on Friday, July 22nd. Shore Capital reissued a “buy” rating on shares of Babcock International Group PLC in a research report on Thursday, September 29th. Liberum Capital reissued a “hold” rating and set a GBX 1,000 ($12.38) price target on shares of Babcock International Group PLC in a research report on Thursday, July 21st. Finally, BNP Paribas reissued a “neutral” rating and set a GBX 1,050 ($13.00) price target on shares of Babcock International Group PLC in a research report on Monday, July 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 1,174.92 ($14.54).
Shares of Babcock International Group PLC (LON:BAB) opened at 993.00 on Friday. The firm’s market capitalization is GBX 5.00 billion. Babcock International Group PLC has a 12-month low of GBX 780.00 and a 12-month high of GBX 1,112.00. The company’s 50-day moving average price is GBX 1,058.57 and its 200-day moving average price is GBX 995.51.
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In other Babcock International Group PLC news, insider Hardy,Roger bought 10,417 shares of the business’s stock in a transaction on Friday, July 29th. The stock was purchased at an average cost of GBX 965 ($11.94) per share, for a total transaction of £100,524.05 ($124,410.95).
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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