Babcock International Group PLC (BAB) Given Average Rating of “Buy” by Brokerages
Babcock International Group PLC (LON:BAB) has been given an average recommendation of “Buy” by the eleven ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 1,152.56 ($14.89).
BAB has been the topic of a number of research reports. Shore Capital restated a “buy” rating on shares of Babcock International Group PLC in a report on Friday, May 19th. Deutsche Bank AG restated a “hold” rating and issued a GBX 1,020 ($13.17) price objective on shares of Babcock International Group PLC in a report on Tuesday, May 23rd. Liberum Capital raised their price objective on Babcock International Group PLC from GBX 960 ($12.40) to GBX 1,100 ($14.21) and gave the company a “buy” rating in a report on Wednesday, May 24th. Peel Hunt restated a “buy” rating and issued a GBX 1,085 ($14.01) price objective on shares of Babcock International Group PLC in a report on Wednesday, May 24th. Finally, Jefferies Group LLC decreased their price objective on Babcock International Group PLC from GBX 1,280 ($16.53) to GBX 1,260 ($16.27) and set a “buy” rating on the stock in a report on Friday, May 26th.
Shares of Babcock International Group PLC (LON:BAB) opened at 811.00 on Tuesday. The company has a 50-day moving average of GBX 831.40 and a 200 day moving average of GBX 882.44. Babcock International Group PLC has a 12 month low of GBX 798.00 and a 12 month high of GBX 1,104.00. The company’s market cap is GBX 4.10 billion.
In other news, insider Franco Martinelli sold 7,151 shares of Babcock International Group PLC stock in a transaction 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).
TRADEMARK VIOLATION NOTICE: This story was originally published by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/09/12/babcock-international-group-plc-bab-given-average-rating-of-buy-by-brokerages.html.
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.
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.