Babcock International Group PLC (LON:BAB)‘s stock had its “neutral” rating reissued by equities research analysts at BNP Paribas in a research report issued to clients and investors on Monday. They presently have a GBX 1,050 ($13.00) price target on the stock. BNP Paribas’ target price indicates a potential upside of 5.00% from the company’s previous close.
Several other equities research analysts also recently weighed in on BAB. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,427 ($17.66) price target on shares of Babcock International Group PLC in a research note on Thursday, June 23rd. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 1,245 ($15.41) price target on shares of Babcock International Group PLC in a research note on Monday, June 27th. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a GBX 950 ($11.76) price target (down from GBX 1,250 ($15.47)) on shares of Babcock International Group PLC in a research note on Tuesday, June 28th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 1,000 ($12.38) price target on shares of Babcock International Group PLC in a research note on Thursday, July 21st. Finally, Peel Hunt reissued a “buy” rating and set a GBX 1,121 ($13.87) target price on shares of Babcock International Group PLC in a research report on Thursday, July 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Babcock International Group PLC presently has a consensus rating of “Buy” and a consensus target price of GBX 1,174.92 ($14.54).
Babcock International Group PLC (LON:BAB) opened at 1000.00 on Monday. Babcock International Group PLC has a 12-month low of GBX 780.00 and a 12-month high of GBX 1,112.00. The firm has a 50-day moving average of GBX 1,060.89 and a 200 day moving average of GBX 995.59. The company’s market capitalization is GBX 5.04 billion.
In related news, insider Hardy,Roger bought 10,417 shares of the company’s stock in a transaction on Friday, July 29th. The shares were purchased at an average cost of GBX 965 ($11.94) per share, for a total transaction of £100,524.05 ($124,410.95).
About Babcock International Group PLC
Babcock International Group PLC is a United Kingdom-based engineering support services company, which delivers complex and critical support to the defense, emergency services, energy, transport and education sectors, both in the United Kingdom and overseas. The Company is a supplier to all three of the United Kingdom’s armed forces, providing through-life support for naval and land fleets, technical training and asset management through its Marine & Technology and Defense and Security divisions.
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