Peel Hunt Reiterates “Hold” Rating for Babcock International Group (BAB)
Babcock International Group (LON:BAB)‘s stock had its “hold” rating reaffirmed by Peel Hunt in a research report issued to clients and investors on Monday. They currently have a GBX 760 ($9.93) price objective on the stock. Peel Hunt’s price objective indicates a potential upside of 27.90% from the company’s previous close.
BAB has been the topic of a number of other research reports. Shore Capital restated a “buy” rating on shares of Babcock International Group in a research report on Monday, October 8th. Liberum Capital restated a “buy” rating on shares of Babcock International Group in a research report on Wednesday, October 10th. JPMorgan Chase & Co. decreased their price objective on shares of Babcock International Group from GBX 1,365 ($17.84) to GBX 998 ($13.04) and set an “overweight” rating on the stock in a research report on Thursday, October 11th. Jefferies Financial Group decreased their price objective on shares of Babcock International Group from GBX 1,260 ($16.46) to GBX 950 ($12.41) and set a “buy” rating on the stock in a research report on Monday, August 6th. Finally, Royal Bank of Canada cut shares of Babcock International Group to a “sector perform” rating and decreased their price objective for the company from GBX 1,000 ($13.07) to GBX 700 ($9.15) in a research report on Monday, November 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 842.92 ($11.01).
BAB stock opened at GBX 594.20 ($7.76) on Monday. Babcock International Group has a 12-month low of GBX 604 ($7.89) and a 12-month high of GBX 1,030 ($13.46).
Babcock International Group PLC, together with its subsidiaries, provides engineering services for marine, land, aviation, and nuclear sectors in the United Kingdom and internationally. The company delivers through-life marine engineering services, including supporting naval fleets, commercial marine, engineering consultancy, weapons handling, equipment support, intelligence and cyber-security, and technical training to defense and civil customers.
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