Liberum Capital Reaffirms Buy Rating for Babcock International Group PLC (BAB)
Babcock International Group PLC (LON:BAB)‘s stock had its “buy” rating reaffirmed by investment analysts at Liberum Capital in a report released on Thursday.
Several other research analysts have also recently commented on BAB. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 1,440 ($18.60) price target on shares of Babcock International Group PLC in a research report on Friday, June 30th. Shore Capital reissued a “buy” rating on shares of Babcock International Group PLC in a research report on Friday, May 19th. Credit Suisse Group reduced their price target on Babcock International Group PLC from GBX 1,030 ($13.30) to GBX 925 ($11.95) and set a “neutral” rating for the company in a research report on Thursday, August 17th. Peel Hunt reissued a “buy” rating and set a GBX 1,085 ($14.01) price target on shares of Babcock International Group PLC in a research report on Wednesday, May 24th. Finally, Deutsche Bank AG reissued a “hold” rating and set a GBX 1,020 ($13.17) price target on shares of Babcock International Group PLC in a research report on Tuesday, May 23rd. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of GBX 1,147.30 ($14.82).
Shares of Babcock International Group PLC (LON:BAB) traded down 1.58% during midday trading on Thursday, hitting GBX 810.50. 900,685 shares of the stock were exchanged. The firm’s 50 day moving average is GBX 833.43 and its 200-day moving average is GBX 883.26. Babcock International Group PLC has a 1-year low of GBX 797.75 and a 1-year high of GBX 1,110.06. The stock’s market capitalization is GBX 4.09 billion.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/09/10/liberum-capital-reaffirms-buy-rating-for-babcock-international-group-plc-bab.html.
In other news, insider Franco Martinelli sold 7,151 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of GBX 887 ($11.46), for a total transaction of £63,429.37 ($81,918.34).
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.
Receive News & Ratings for Babcock International Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Babcock International Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.