Babcock International Group (BAB) Rating Reiterated by Shore Capital

Babcock International Group (LON:BAB)‘s stock had its “buy” rating reaffirmed by investment analysts at Shore Capital in a report issued on Friday.

Several other research analysts have also issued reports on BAB. Jefferies Financial Group decreased their price target on shares of Babcock International Group from GBX 1,260 ($16.46) to GBX 950 ($12.41) and set a “buy” rating on the stock in a research report on Monday, August 6th. Peel Hunt decreased their price target on shares of Babcock International Group from GBX 785 ($10.26) to GBX 760 ($9.93) and set a “hold” rating on the stock in a research report on Thursday, August 23rd. Numis Securities restated a “buy” rating on shares of Babcock International Group in a research report on Monday, September 3rd. Liberum Capital restated a “buy” rating on shares of Babcock International Group in a research report on Wednesday, September 19th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Babcock International Group from GBX 1,365 ($17.84) to GBX 998 ($13.04) and set an “overweight” rating on the stock in a research report on Thursday, October 11th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 843.73 ($11.02).

Babcock International Group stock opened at GBX 575.20 ($7.52) on Friday. Babcock International Group has a 1 year low of GBX 604 ($7.89) and a 1 year high of GBX 1,030 ($13.46).

Babcock International Group (LON:BAB) last posted its quarterly earnings results on Wednesday, November 21st. The company reported GBX 39.90 ($0.52) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 39.10 ($0.51) by GBX 0.80 ($0.01).

In other news, insider Myles Lee acquired 7,500 shares of the stock in a transaction on Wednesday, November 21st. The shares were purchased at an average cost of GBX 551 ($7.20) per share, for a total transaction of £41,325 ($53,998.43).

About Babcock International Group

Babcock International Group PLC, together with its subsidiaries, provides engineering services for marine, land, aviation, and nuclear sectors in the United Kingdom and internationally. The company delivers through-life marine engineering services, including supporting naval fleets, commercial marine, engineering consultancy, weapons handling, equipment support, intelligence and cyber-security, and technical training to defense and civil customers.

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Analyst Recommendations for Babcock International Group (LON:BAB)

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