Babcock International Group PLC (BAB) Stock Rating Reaffirmed by Canaccord Genuity
Babcock International Group PLC (LON:BAB)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity in a research report issued on Tuesday. They currently have a GBX 1,200 ($14.63) target price on the stock. Canaccord Genuity’s price target would indicate a potential upside of 22.20% from the stock’s current price.
A number of other analysts also recently weighed in on the stock. BNP Paribas reaffirmed a “neutral” rating and set a GBX 1,050 ($12.80) price target on shares of Babcock International Group PLC in a report on Monday, July 25th. Liberum Capital reaffirmed a “hold” rating and set a GBX 1,000 ($12.19) price target on shares of Babcock International Group PLC in a report on Thursday, July 21st. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,121 ($13.66) price target on shares of Babcock International Group PLC in a report on Friday. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and set a GBX 1,480 ($18.04) price target on shares of Babcock International Group PLC in a report on Thursday, September 8th. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating and set a GBX 950 ($11.58) price target (down previously from GBX 1,250 ($15.23)) on shares of Babcock International Group PLC in a report on Tuesday, June 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 1,174.92 ($14.32).
Babcock International Group PLC (LON:BAB) traded up 1.68% during mid-day trading on Tuesday, reaching GBX 998.50. 1,087,729 shares of the company’s stock were exchanged. Babcock International Group PLC has a 12 month low of GBX 780.00 and a 12 month high of GBX 1,112.00. The firm’s market cap is GBX 5.03 billion. The stock has a 50-day moving average of GBX 1,056.74 and a 200-day moving average of GBX 996.47.
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In other Babcock International Group PLC news, insider Hardy,Roger purchased 10,417 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was purchased at an average cost of GBX 965 ($11.76) per share, for a total transaction of £100,524.05 ($122,515.60).
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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