JPMorgan Chase & Co. Boosts Babcock International Group PLC (BAB) Price Target to GBX 1,440
Babcock International Group PLC (LON:BAB) had its price objective raised by JPMorgan Chase & Co. from GBX 1,427 ($18.63) to GBX 1,440 ($18.80) in a report published on Monday morning. JPMorgan Chase & Co. currently has an overweight rating on the stock.
Several other equities analysts have also issued reports on BAB. Liberum Capital reissued a hold rating and issued a GBX 1,000 ($13.05) price target on shares of Babcock International Group PLC in a research note on Thursday, July 21st. BNP Paribas reissued a neutral rating and issued a GBX 1,050 ($13.71) price target on shares of Babcock International Group PLC in a research note on Monday, June 20th. Shore Capital reissued a buy rating on shares of Babcock International Group PLC in a research note on Monday, June 6th. Credit Suisse Group AG reissued a neutral rating and issued a GBX 1,080 ($14.10) price target on shares of Babcock International Group PLC in a research note on Thursday, September 29th. Finally, Deutsche Bank AG reissued a buy rating and issued a GBX 1,135 ($14.82) price target on shares of Babcock International Group PLC in a research note on Friday, July 22nd. One 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. The company has a consensus rating of Buy and an average price target of GBX 1,174.92 ($15.34).
Shares of Babcock International Group PLC (LON:BAB) opened at 1037.36 on Monday. The firm’s market cap is GBX 5.23 billion. The firm’s 50-day moving average price is GBX 1,063.11 and its 200 day moving average price is GBX 993.82. 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 news, insider Hardy,Roger acquired 10,417 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was purchased at an average price of GBX 965 ($12.60) per share, for a total transaction 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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