Babcock International Group (BAB) Price Target Cut to GBX 800

Babcock International Group (LON:BAB) had its price objective reduced by equities researchers at BNP Paribas from GBX 975 ($13.69) to GBX 800 ($11.23) in a research report issued on Thursday. The firm currently has a “neutral” rating on the stock. BNP Paribas’ price objective indicates a potential upside of 18.73% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Shore Capital reaffirmed a “buy” rating on shares of Babcock International Group in a research report on Monday, December 11th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,100 ($15.44) price target on shares of Babcock International Group in a research report on Tuesday, February 6th. Peel Hunt lifted their price target on Babcock International Group from GBX 751 ($10.54) to GBX 785 ($11.02) and gave the stock a “hold” rating in a research report on Tuesday, January 23rd. JPMorgan Chase reaffirmed an “overweight” rating and issued a GBX 1,365 ($19.16) price target on shares of Babcock International Group in a research report on Wednesday, February 7th. Finally, Numis Securities began coverage on Babcock International Group in a research report on Monday, January 22nd. They issued a “buy” rating and a GBX 980 ($13.76) price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. Babcock International Group has an average rating of “Hold” and a consensus price target of GBX 953.33 ($13.38).

How to Become a New Pot Stock Millionaire

Shares of LON BAB opened at GBX 673.80 ($9.46) on Thursday. Babcock International Group has a 12 month low of GBX 604 ($8.48) and a 12 month high of GBX 1,030 ($14.46).

In other news, insider Jeff Randall acquired 1,000 shares of the stock in a transaction dated Thursday, March 8th. The shares were acquired at an average cost of GBX 662 ($9.29) per share, for a total transaction of £6,620 ($9,292.53).

TRADEMARK VIOLATION WARNING: “Babcock International Group (BAB) Price Target Cut to GBX 800” was published by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3337418/babcock-international-group-bab-price-target-cut-to-gbx-800.html.

Babcock International Group Company Profile

Babcock International Group PLC is a holding company. The Company provides engineering services. Its segments include Marine and Technology, Defence and Security, Support Services and International. The Marine and Technology segment delivers support to the United Kingdom Royal Navy’s submarines, naval ships and infrastructure.

Analyst Recommendations for Babcock International Group (LON:BAB)

Receive News & Ratings for Babcock International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Babcock International Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

MicroStrategy  Upgraded at BidaskClub
MicroStrategy Upgraded at BidaskClub
IPG Photonics  Earns Outperform Rating from Analysts at Sanford C. Bernstein
IPG Photonics Earns Outperform Rating from Analysts at Sanford C. Bernstein
NorthWestern  Cut to Hold at Zacks Investment Research
NorthWestern Cut to Hold at Zacks Investment Research
IBM  Earns Neutral Rating from JPMorgan Chase
IBM Earns Neutral Rating from JPMorgan Chase
Casa Systems  Expected to Post Earnings of $0.21 Per Share
Casa Systems Expected to Post Earnings of $0.21 Per Share
HNI  Releases FY18 Earnings Guidance
HNI Releases FY18 Earnings Guidance


© 2006-2018 Ticker Report. Google+.