Numis Securities Downgrades Babcock International Group (LON:BAB) to Add

Babcock International Group (LON:BAB) was downgraded by analysts at Numis Securities to an “add” rating in a research report issued to clients and investors on Friday, ThisIsMoney.Co.Uk reports.

Several other analysts have also weighed in on BAB. Liberum Capital reiterated a “buy” rating on shares of Babcock International Group in a research note on Tuesday, February 26th. Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a research note on Tuesday, February 26th. Peel Hunt reiterated an “add” rating on shares of Babcock International Group in a research note on Tuesday, February 26th. JPMorgan Chase & Co. lowered their price objective on shares of Babcock International Group from GBX 955 ($12.48) to GBX 772 ($10.09) and set an “overweight” rating for the company in a research note on Thursday, March 28th. Finally, Jefferies Financial Group lowered their price objective on shares of Babcock International Group from GBX 950 ($12.41) to GBX 900 ($11.76) and set a “buy” rating for the company in a research note on Tuesday, April 9th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Babcock International Group currently has an average rating of “Hold” and an average target price of GBX 621.44 ($8.12).

LON:BAB opened at GBX 463.90 ($6.06) on Friday. The firm has a market capitalization of $2.35 billion and a PE ratio of 11.77. The company has a debt-to-equity ratio of 48.99, a current ratio of 0.94 and a quick ratio of 0.72. Babcock International Group has a twelve month low of GBX 410.10 ($5.36) and a twelve month high of GBX 860.40 ($11.24).

In other Babcock International Group news, insider Myles Lee purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was acquired at an average price of GBX 481 ($6.29) per share, for a total transaction of £24,050 ($31,425.58).

Babcock International Group Company Profile

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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