Shares of Babcock International Group PLC (LON:BAB) have earned an average recommendation of “Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 883.45 ($11.54).
A number of equities research analysts have issued reports on BAB shares. Numis Securities reaffirmed a “buy” rating on shares of Babcock International Group in a research report on Monday, September 3rd. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,100 ($14.37) price target on shares of Babcock International Group in a research report on Tuesday. Shore Capital reaffirmed a “buy” rating on shares of Babcock International Group in a research report on Thursday, July 19th. Jefferies Financial Group reduced their price target on Babcock International Group from GBX 1,260 ($16.46) to GBX 950 ($12.41) and set a “buy” rating on the stock in a research report on Monday, August 6th. Finally, Peel Hunt reaffirmed a “hold” rating on shares of Babcock International Group in a research report on Monday, July 30th.
In other Babcock International Group news, insider Lucy Dimes acquired 5,000 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were acquired at an average price of GBX 696 ($9.09) per share, for a total transaction of £34,800 ($45,472.36).
Babcock International Group Company Profile
Babcock International Group PLC, together with its subsidiaries, provides engineering services for marine, land, aviation, and nuclear sectors in the United Kingdom and internationally. The company delivers through-life marine engineering services, including supporting naval fleets, commercial marine, engineering consultancy, weapons handling, equipment support, intelligence and cyber-security, and technical training to defense and civil customers.
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