Babcock International Group (OTCMKTS:BCKIF) Trading Down 1.3%

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

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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.