Babcock International Group plc (BAB) Receives “Overweight” Rating from Morgan Stanley
Babcock International Group plc (LON:BAB)‘s stock had its “overweight” rating reissued by stock analysts at Morgan Stanley in a research report issued to clients and investors on Monday. They presently have a GBX 975 ($12.82) target price on the stock. Morgan Stanley’s price target indicates a potential upside of 30.96% from the stock’s previous close.
A number of other brokerages have also commented on BAB. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 1,365 ($17.95) price target on shares of Babcock International Group plc in a research note on Wednesday, November 8th. Liberum Capital reiterated a “buy” rating on shares of Babcock International Group plc in a research note on Thursday, September 7th. Peel Hunt reiterated a “buy” rating and issued a GBX 1,085 ($14.27) price target on shares of Babcock International Group plc in a research note on Tuesday. Finally, Credit Suisse Group cut their price objective on shares of Babcock International Group plc from GBX 1,030 ($13.55) to GBX 925 ($12.17) and set a “neutral” rating for the company in a report on Thursday, August 17th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of GBX 1,117.30 ($14.70).
Shares of Babcock International Group plc (LON BAB) traded down GBX 8.50 ($0.11) on Monday, reaching GBX 744.50 ($9.79). 2,166,433 shares of the company were exchanged, compared to its average volume of 1,370,000. Babcock International Group plc has a twelve month low of GBX 792.53 ($10.42) and a twelve month high of GBX 1,030 ($13.55).
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About Babcock International Group plc
Babcock International Group PLC is a holding company. The Company provides engineering services. Its segments include Marine and Technology, Defence and Security, Support Services and International. The Marine and Technology segment delivers support to the United Kingdom Royal Navy’s submarines, naval ships and infrastructure.
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