Shares of Babcock International Group PLC (OTCMKTS:BCKIY – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $12.63, but opened at $13.16. Babcock International Group shares last traded at $13.13, with a volume of 19,458 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Citigroup raised Babcock International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has an average rating of “Strong Buy”.
Read Our Latest Analysis on BCKIY
Babcock International Group Trading Up 6.4%
About Babcock International Group
Babcock International Group plc is a leading global provider of critical, complex engineering support services. Headquartered in the United Kingdom, the company specializes in the design, construction, operation and maintenance of infrastructure and assets across defence, emergency services, transport, and energy sectors. Through a combination of technical expertise, asset management and specialist training, Babcock supports customers through the full lifecycle of their projects, from initial concept and procurement to long-term through-life support.
The company’s core activities encompass maritime and naval support, including the maintenance and refit of warships; aerospace services such as aircraft maintenance, repair and overhaul (MRO); and land-sector operations covering armoured vehicle support, munitions management and training solutions.
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