Babcock International Group PLC (OTCMKTS:BCKIF – Get Rating) shares dropped 1.3% on Friday . The company traded as low as $3.75 and last traded at $3.75. Approximately 750 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 821 shares. The stock had previously closed at $3.80.
Wall Street Analyst Weigh In
BCKIF has been the subject of several recent research reports. Citigroup cut Babcock International Group from a “buy” rating to a “neutral” rating in a research note on Thursday, March 2nd. Berenberg Bank lowered their price target on Babcock International Group from GBX 430 ($5.35) to GBX 400 ($4.98) in a research note on Tuesday, May 2nd. Finally, JPMorgan Chase & Co. lowered their price target on Babcock International Group from GBX 475 ($5.91) to GBX 455 ($5.66) in a research note on Friday, April 21st.
Babcock International Group Stock Down 1.3 %
The company has a 50 day moving average of $3.78 and a 200 day moving average of $3.70.
About Babcock International Group
Babcock International Group Plc engages in the provision of engineering support services to government organizations and key industries in the private sector. It operates through the following business segments: Marine, Land, Aviation, and Nuclear. The Marine segment provides through-life support of submarines, naval ships, and infrastructure; and operates an international naval support business.
- Get a free copy of the StockNews.com research report on Babcock International Group (BCKIF)
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