Babcock International Group PLC (BAB) Earns “Overweight” Rating from J P Morgan Chase & Co
J P Morgan Chase & Co reiterated their overweight rating on shares of Babcock International Group PLC (LON:BAB) in a research report sent to investors on Thursday morning, Marketbeat reports. They currently have a GBX 1,365 ($18.40) target price on the stock.
BAB has been the topic of a number of other reports. Peel Hunt restated a buy rating and issued a GBX 1,085 ($14.63) price target on shares of Babcock International Group PLC in a report on Wednesday, September 20th. Liberum Capital restated a buy rating and issued a GBX 1,100 ($14.83) price target on shares of Babcock International Group PLC in a report on Monday, June 26th. Credit Suisse Group cut their price target on shares of Babcock International Group PLC from GBX 1,030 ($13.89) to GBX 925 ($12.47) and set a neutral rating on the stock in a report on Thursday, August 17th. BNP Paribas restated a neutral rating and issued a GBX 975 ($13.15) price target on shares of Babcock International Group PLC in a report on Wednesday, July 12th. Finally, Shore Capital restated a buy rating on shares of Babcock International Group PLC in a report on Friday, June 9th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of GBX 1,139.80 ($15.37).
Shares of Babcock International Group PLC (LON:BAB) opened at 844.50 on Thursday. The company’s market cap is GBX 4.27 billion. The stock’s 50 day moving average is GBX 824.69 and its 200-day moving average is GBX 877.96. Babcock International Group PLC has a 52 week low of GBX 794.50 and a 52 week high of GBX 1,097.00.
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About Babcock International Group PLC
Babcock International Group PLC is a holding company. The Company is an engineering support services company. The Company offers support to the defense, energy, emergency services, transport and education sectors. Its segments include Marine and Technology, Defence and Security, Support Services and International.
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