Babcock International Group PLC (LON:BAB) had its target price cut by stock analysts at Credit Suisse Group from GBX 1,030 ($13.37) to GBX 925 ($12.01) in a note issued to investors on Thursday. The brokerage currently has a “neutral” rating on the stock. Credit Suisse Group’s price objective suggests a potential upside of 9.14% from the company’s previous close.

BAB has been the subject of a number of other reports. Shore Capital restated a “buy” rating on shares of Babcock International Group PLC in a report on Friday, May 19th. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,440 ($18.69) price target on shares of Babcock International Group PLC in a report on Friday, June 30th. Liberum Capital restated a “buy” rating and issued a GBX 1,100 ($14.28) price target on shares of Babcock International Group PLC in a report on Monday, June 26th. Peel Hunt restated a “buy” rating and issued a GBX 1,085 ($14.09) price target on shares of Babcock International Group PLC in a report on Wednesday, May 24th. Finally, Deutsche Bank AG restated a “hold” rating and issued a GBX 1,020 ($13.24) price target on shares of Babcock International Group PLC in a report on Tuesday, May 23rd. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Babcock International Group PLC has a consensus rating of “Buy” and an average price target of GBX 1,147.30 ($14.89).

Babcock International Group PLC (BAB) opened at 843.50 on Thursday. The company’s market capitalization is GBX 4.26 billion. The stock’s 50 day moving average is GBX 859.53 and its 200-day moving average is GBX 892.52. Babcock International Group PLC has a 12 month low of GBX 835.00 and a 12 month high of GBX 1,112.00.

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In other news, insider Franco Martinelli sold 7,151 shares of Babcock International Group PLC stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of GBX 887 ($11.51), for a total value of £63,429.37 ($82,343.72).

Babcock International Group PLC Company Profile

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.

Analyst Recommendations for Babcock International Group PLC (LON:BAB)

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