Babcock International Group PLC (BAB) Given “Buy” Rating at Peel Hunt
Other analysts also recently issued reports about the company. Goldman Sachs Group Inc. reissued a buy rating and issued a GBX 1,245 ($15.41) price objective on shares of Babcock International Group PLC in a research note on Monday, June 27th. Deutsche Bank AG reissued a buy rating and issued a GBX 1,135 ($14.05) price objective on shares of Babcock International Group PLC in a research note on Friday, July 22nd. Shore Capital reissued a buy rating on shares of Babcock International Group PLC in a research note on Thursday, September 29th. Liberum Capital reissued a hold rating and issued a GBX 1,000 ($12.38) price objective on shares of Babcock International Group PLC in a research note on Thursday, July 21st. Finally, BNP Paribas reissued a neutral rating and issued a GBX 1,050 ($13.00) price objective on shares of Babcock International Group PLC in a research note on Monday, June 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Babcock International Group PLC has an average rating of Buy and a consensus target price of GBX 1,174.92 ($14.54).
Shares of Babcock International Group PLC (LON:BAB) traded down 0.10% during trading on Friday, reaching GBX 987.50. The company’s stock had a trading volume of 595,337 shares. The stock has a 50-day moving average of GBX 1,057.36 and a 200-day moving average of GBX 995.46. Babcock International Group PLC has a 52-week low of GBX 780.00 and a 52-week high of GBX 1,112.00. The stock’s market cap is GBX 4.98 billion.
In related news, insider Hardy,Roger purchased 10,417 shares of the business’s stock in a transaction dated Friday, July 29th. The stock was purchased at an average cost of GBX 965 ($11.94) per share, with a total value 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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