BNP Paribas Reaffirms “Neutral” Rating for Babcock International Group PLC (BAB)
BNP Paribas reissued their neutral rating on shares of Babcock International Group PLC (LON:BAB) in a research report released on Monday. BNP Paribas currently has a GBX 1,050 ($13.00) price target on the stock.
Several other equities analysts also recently commented on the company. Liberum Capital upped their price objective on Babcock International Group PLC from GBX 900 ($11.14) to GBX 1,050 ($13.00) and gave the company a hold rating in a research note on Thursday, September 29th. Goldman Sachs Group Inc. reiterated a conviction-buy rating and issued a GBX 1,480 ($18.32) price objective on shares of Babcock International Group PLC in a research note on Thursday, September 8th. Credit Suisse Group AG reiterated a neutral rating and issued a GBX 950 ($11.76) price objective (down previously from GBX 1,250 ($15.47)) on shares of Babcock International Group PLC in a research note on Tuesday, June 28th. Shore Capital reissued a buy rating on shares of Babcock International Group PLC in a report on Thursday, September 29th. Finally, JPMorgan Chase & Co. reissued an overweight rating and set a GBX 1,427 ($17.66) target price on shares of Babcock International Group PLC in a report on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of GBX 1,174.92 ($14.54).
Shares of Babcock International Group PLC (LON:BAB) opened at 989.00 on Monday. The firm’s market cap is GBX 4.98 billion. Babcock International Group PLC has a 12-month low of GBX 780.00 and a 12-month high of GBX 1,112.00. The company’s 50 day moving average price is GBX 1,058.57 and its 200 day moving average price is GBX 995.51.
In related 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 bought at an average cost of GBX 965 ($11.94) per share, for a total transaction of £100,524.05 ($124,410.95).
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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