Babcock International Group PLC (BAB) Stock Rating Reaffirmed by BNP Paribas
Babcock International Group PLC (LON:BAB)‘s stock had its “neutral” rating reiterated by stock analysts at BNP Paribas in a research note issued on Monday. They currently have a GBX 1,050 ($13.71) price target on the stock. BNP Paribas’ price objective points to a potential upside of 1.70% from the company’s current price.
Several other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Babcock International Group PLC from GBX 1,427 ($18.63) to GBX 1,440 ($18.80) and gave the stock an “overweight” rating in a research note on Monday. Shore Capital reiterated a “buy” rating on shares of Babcock International Group PLC in a research note on Thursday. Credit Suisse Group AG reiterated a “neutral” rating and issued a GBX 1,080 ($14.10) price objective on shares of Babcock International Group PLC in a research note on Thursday. Liberum Capital increased their price objective on shares of Babcock International Group PLC from GBX 900 ($11.75) to GBX 1,050 ($13.71) and gave the stock a “hold” rating in a research note on Thursday. Finally, Goldman Sachs Group Inc. reiterated a “conviction-buy” rating and issued a GBX 1,480 ($19.32) price objective on shares of Babcock International Group PLC in a research note on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 1,174.92 ($15.34).
Shares of Babcock International Group PLC (LON:BAB) opened at 1055.00 on Monday. The company’s market capitalization is GBX 5.32 billion. The stock has a 50 day moving average of GBX 1,060.16 and a 200-day moving average of GBX 991.08. Babcock International Group PLC has a one year low of GBX 780.00 and a one year high of GBX 1,112.00.
In other Babcock International Group PLC news, insider Hardy,Roger bought 10,417 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was purchased at an average cost of GBX 965 ($12.60) per share, with a total value of £100,524.05 ($131,215.31).
About Babcock International Group PLC
Babcock International Group PLC is a United Kingdom-based engineering support services company, which delivers complex and critical support to the defense, emergency services, energy, transport and education sectors, both in the United Kingdom and overseas. The Company is a supplier to all three of the United Kingdom’s armed forces, providing through-life support for naval and land fleets, technical training and asset management through its Marine & Technology and Defense and Security divisions.
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