Babcock International Group PLC (BAB) Earns Buy Rating from Shore Capital
A number of other equities analysts also recently commented on BAB. BNP Paribas restated a neutral rating and issued a GBX 1,050 ($13.71) target price on shares of Babcock International Group PLC in a research note on Monday, June 13th. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 1,427 ($18.63) target price on shares of Babcock International Group PLC in a research note on Thursday, June 23rd. Goldman Sachs Group Inc. restated a buy rating and issued a GBX 1,245 ($16.25) target price on shares of Babcock International Group PLC in a research note on Monday, June 27th. Credit Suisse Group AG restated a neutral rating and issued a GBX 950 ($12.40) target price (down from GBX 1,250 ($16.32)) on shares of Babcock International Group PLC in a research note on Tuesday, June 28th. Finally, Liberum Capital reiterated a hold rating and set a GBX 1,000 ($13.05) price objective on shares of Babcock International Group PLC in a research note on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus 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 1057.00 on Thursday. The firm has a 50-day moving average of GBX 1,063.33 and a 200-day moving average of GBX 992.85. Babcock International Group PLC has a 52-week low of GBX 780.00 and a 52-week high of GBX 1,112.00. The company’s market cap is GBX 5.33 billion.
In related news, insider Hardy,Roger purchased 10,417 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was acquired at an average price 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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