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).
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).
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.
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