Babcock International Group PLC (BAB) Stock Rating Reaffirmed by BNP Paribas
Babcock International Group PLC (LON:BAB)‘s stock had its “neutral” rating reissued by investment analysts at BNP Paribas in a report released on Monday. They currently have a GBX 1,020 ($12.60) target price on the stock. BNP Paribas’ target price points to a potential upside of 10.45% from the stock’s current price.
Several other brokerages have also recently weighed in on BAB. Peel Hunt reissued a “buy” rating and issued a GBX 1,121 ($13.84) price target on shares of Babcock International Group PLC in a research note on Tuesday, November 22nd. Panmure Gordon reissued a “buy” rating and issued a GBX 1,108 ($13.68) price target on shares of Babcock International Group PLC in a research note on Tuesday, November 22nd. Deutsche Bank AG reissued a “buy” rating on shares of Babcock International Group PLC in a research note on Thursday, November 24th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,440 ($17.78) price target on shares of Babcock International Group PLC in a research note on Wednesday, November 23rd. Finally, Jefferies Group LLC decreased their price target on Babcock International Group PLC from GBX 1,330 ($16.43) to GBX 1,280 ($15.81) and set a “buy” rating for the company in a research note on Monday, November 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of GBX 1,123.91 ($13.88).
Babcock International Group PLC (LON:BAB) traded down 0.11% during midday trading on Monday, reaching GBX 923.50. The company’s stock had a trading volume of 898,464 shares. The firm has a 50 day moving average of GBX 900.81 and a 200 day moving average of GBX 966.08. The firm’s market cap is GBX 4.66 billion. Babcock International Group PLC has a 52-week low of GBX 780.00 and a 52-week high of GBX 1,112.00.
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About Babcock International Group PLC
Babcock International Group PLC is a holding company. The Company is an engineering support services company. The Company offers support to the defense, energy, emergency services, transport and education sectors. Its segments include Marine and Technology, Defence and Security, Support Services and International.
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