Babcock International Group’s (BAB) Hold Rating Reiterated at Peel Hunt

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Babcock International Group (LON:BAB)‘s stock had its “hold” rating reaffirmed by investment analysts at Peel Hunt in a research report issued to clients and investors on Monday, Digital Look reports. They presently have a GBX 461 ($6.02) price target on the stock. Peel Hunt’s price objective would suggest a potential downside of 4.00% from the company’s previous close.

A number of other research analysts have also commented on the company. Numis Securities lowered Babcock International Group to an “add” rating in a report on Friday, June 14th. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a report on Thursday, June 6th. Liberum Capital reissued a “buy” rating on shares of Babcock International Group in a report on Wednesday, June 5th. Goldman Sachs Group lowered Babcock International Group to a “neutral” rating and lowered their price objective for the company from GBX 850 ($11.11) to GBX 550 ($7.19) in a report on Thursday, May 30th. Finally, Royal Bank of Canada lowered their price objective on Babcock International Group from GBX 650 ($8.49) to GBX 550 ($7.19) and set a “sector performer” rating on the stock in a report on Thursday, May 30th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 621.44 ($8.12).

Shares of LON BAB opened at GBX 480.20 ($6.27) on Monday. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 48.99. The stock has a market cap of $2.42 billion and a PE ratio of 12.19. Babcock International Group has a 52 week low of GBX 410.10 ($5.36) and a 52 week high of GBX 860.40 ($11.24).

In other Babcock International Group news, insider Myles Lee bought 5,000 shares of the stock in a transaction on Wednesday, June 5th. The shares were purchased at an average price of GBX 481 ($6.29) per share, with a total value of £24,050 ($31,425.58).

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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Analyst Recommendations for Babcock International Group (LON:BAB)

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