Babcock International Group PLC (LON:BAB) had its price objective boosted by Liberum Capital from GBX 900 ($11.75) to GBX 1,050 ($13.71) in a research note published on Thursday. The firm currently has a hold rating on the stock.
BAB has been the subject of several other research reports. BNP Paribas reiterated a neutral rating and issued a GBX 1,050 ($13.71) target price on shares of Babcock International Group PLC in a research note on Monday, June 20th. Peel Hunt reiterated a buy rating and issued a GBX 1,121 ($14.63) target price on shares of Babcock International Group PLC in a research note on Thursday, July 21st. Deutsche Bank AG reiterated a buy rating and issued a GBX 1,135 ($14.82) target price on shares of Babcock International Group PLC in a research note on Friday, July 22nd. Finally, JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 1,427 ($18.63) target price on shares of Babcock International Group PLC in a research note on Thursday, June 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of GBX 1,174.92 ($15.34).
Babcock International Group PLC (LON:BAB) opened at 1064.00 on Thursday. The company’s 50-day moving average is GBX 1,062.67 and its 200-day moving average is GBX 992.30. Babcock International Group PLC has a 52-week low of GBX 780.00 and a 52-week high of GBX 1,112.00. The firm’s market capitalization is GBX 5.36 billion.
In related news, insider Hardy,Roger bought 10,417 shares of the company’s stock in a transaction on Friday, July 29th. The stock was acquired at an average cost of GBX 965 ($12.60) per share, for a total transaction of £100,524.05 ($131,215.31).
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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