Credit Suisse Group AG restated their neutral rating on shares of Babcock International Group PLC (LON:BAB) in a report released on Thursday morning. They currently have a GBX 1,080 ($14.10) price objective on the stock.
A number of other research firms have also recently issued reports on BAB. Goldman Sachs Group Inc. restated a conviction-buy rating and set a GBX 1,480 ($19.32) price target on shares of Babcock International Group PLC in a report on Thursday, September 8th. Liberum Capital upped their price target on shares of Babcock International Group PLC from GBX 900 ($11.75) to GBX 1,050 ($13.71) and gave the company a hold rating in a report on Thursday, September 29th. BNP Paribas restated a neutral rating and set a GBX 1,050 ($13.71) price target on shares of Babcock International Group PLC in a report on Monday, September 26th. Shore Capital restated a buy rating on shares of Babcock International Group PLC in a report on Monday, June 6th. Finally, JPMorgan Chase & Co. restated an overweight rating and set a GBX 1,427 ($18.63) price target on shares of Babcock International Group PLC in a report on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus 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 firm’s market capitalization is GBX 5.36 billion. Babcock International Group PLC has a 12 month low of GBX 780.00 and a 12 month high of GBX 1,112.00. The stock’s 50 day moving average price is GBX 1,062.67 and its 200 day moving average price is GBX 992.30.
In other news, insider Hardy,Roger acquired 10,417 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was bought at an average price of GBX 965 ($12.60) per share, with a total value 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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