Babcock International Group PLC (BAB) Earns “Neutral” Rating from BNP Paribas
Babcock International Group PLC (LON:BAB)‘s stock had its “neutral” rating reiterated by equities research analysts at BNP Paribas in a research note issued to investors on Monday. They presently have a GBX 1,050 ($13.00) price target on the stock. BNP Paribas’ target price indicates a potential upside of 6.22% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on BAB. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,427 ($17.66) price objective on shares of Babcock International Group PLC in a research report on Thursday, June 23rd. Goldman Sachs Group Inc. restated a “buy” rating and issued a GBX 1,245 ($15.41) price objective on shares of Babcock International Group PLC in a research report on Monday, June 27th. Credit Suisse Group AG restated a “neutral” rating and issued a GBX 950 ($11.76) price objective (down previously from GBX 1,250 ($15.47)) on shares of Babcock International Group PLC in a research report on Tuesday, June 28th. Liberum Capital reiterated 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, Peel Hunt reiterated a “buy” rating and set a GBX 1,121 ($13.87) price target on shares of Babcock International Group PLC in a research report on Thursday, July 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Babcock International Group PLC presently has an average rating of “Buy” and an average price target of GBX 1,174.92 ($14.54).
Shares of Babcock International Group PLC (LON:BAB) opened at 988.00 on Monday. 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 has a 50 day moving average of GBX 1,057.36 and a 200 day moving average of GBX 995.46. The stock’s market cap is GBX 4.98 billion.
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In related news, insider Hardy,Roger purchased 10,417 shares of the business’s stock in a transaction on Friday, July 29th. The shares were purchased at an average price of GBX 965 ($11.94) per share, with a total value 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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