Babcock International Group PLC (LON:BAB)‘s stock had its “neutral” rating reaffirmed by BNP Paribas in a note issued to investors on Monday. They currently have a GBX 1,050 ($13.71) target price on the stock. BNP Paribas’ price objective would indicate a potential downside of 2.69% from the stock’s current price.
A number of other equities research analysts also recently weighed in on BAB. Shore Capital reiterated a “buy” rating on shares of Babcock International Group PLC in a research note on Monday, June 6th. JPMorgan Chase & Co. restated 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. Goldman Sachs Group Inc. restated a “buy” rating and issued a GBX 1,245 ($16.25) target price on shares of Babcock International Group PLC in a research note on Monday, June 27th. Credit Suisse Group AG restated a “neutral” rating and issued a GBX 950 ($12.40) target price (down previously from GBX 1,250 ($16.32)) on shares of Babcock International Group PLC in a research note on Tuesday, June 28th. Finally, Liberum Capital restated a “hold” rating and issued a GBX 1,000 ($13.05) target price on shares of Babcock International Group PLC in a research note 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 given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 1,160.08 ($15.14).
Babcock International Group PLC (LON:BAB) opened at 1079.00 on Monday. The company’s market cap is GBX 5.44 billion. Babcock International Group PLC has a 52-week low of GBX 780.00 and a 52-week high of GBX 1,112.00. The stock’s 50 day moving average is GBX 1,054.58 and its 200 day moving average is GBX 989.42.
In other Babcock International Group PLC news, insider Hardy,Roger purchased 10,417 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The shares were acquired at an average price of GBX 965 ($12.60) per share, for a total transaction of £100,524.05 ($131,215.31).
Babcock International Group PLC Company Profile
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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