Babcock International Group plc (BAB) Given Overweight Rating at J P Morgan Chase & Co
J P Morgan Chase & Co restated their overweight rating on shares of Babcock International Group plc (LON:BAB) in a research note released on Wednesday morning, Marketbeat.com reports. They currently have a GBX 1,365 ($17.95) target price on the stock.
BAB has been the subject of a number of other research reports. Morgan Stanley lowered their target price on Babcock International Group plc from GBX 1,110 ($14.60) to GBX 975 ($12.82) and set an overweight rating for the company in a research note on Thursday, September 28th. Credit Suisse Group lowered their target price on Babcock International Group plc from GBX 1,030 ($13.55) to GBX 925 ($12.17) and set a neutral rating for the company in a research note on Thursday, August 17th. Liberum Capital reissued a buy rating on shares of Babcock International Group plc in a research note on Thursday, September 7th. Peel Hunt reissued a buy rating and issued a GBX 1,085 ($14.27) target price on shares of Babcock International Group plc in a research note on Wednesday, September 20th. Finally, Shore Capital reissued a buy rating on shares of Babcock International Group plc in a research note on Thursday, July 13th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Babcock International Group plc presently has an average rating of Buy and a consensus target price of GBX 1,117.30 ($14.70).
Babcock International Group plc (BAB) traded down GBX 6 ($0.08) during midday trading on Wednesday, hitting GBX 812.50 ($10.69). The stock had a trading volume of 1,576,237 shares, compared to its average volume of 1,350,000. Babcock International Group plc has a 12 month low of GBX 792.53 ($10.42) and a 12 month high of GBX 1,030 ($13.55).
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Babcock International Group plc Company Profile
Babcock International Group PLC is a holding company. The Company provides engineering services. Its segments include Marine and Technology, Defence and Security, Support Services and International. The Marine and Technology segment delivers support to the United Kingdom Royal Navy’s submarines, naval ships and infrastructure.
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