Babcock International Group PLC (BAB) Stock Rating Reaffirmed by BNP Paribas
Babcock International Group PLC (LON:BAB)‘s stock had its “neutral” rating restated by research analysts at BNP Paribas in a research report issued on Monday. They presently have a GBX 1,050 ($13.71) target price on the stock. BNP Paribas’ target price would suggest a potential upside of 1.70% from the stock’s previous close.
Several other equities analysts also recently weighed in on BAB. Shore Capital reiterated a “buy” rating on shares of Babcock International Group PLC in a research note on Monday, June 6th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,427 ($18.63) target price on shares of Babcock International Group PLC in a research note on Thursday, June 23rd. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 1,245 ($16.25) target price on shares of Babcock International Group PLC in a research note on Monday, June 27th. Credit Suisse Group AG reiterated a “neutral” rating and issued a GBX 950 ($12.40) target price (down previously from GBX 1,250 ($16.32)) on shares of Babcock International Group PLC in a research note on Tuesday, June 28th. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 1,000 ($13.05) target price on shares of Babcock International Group PLC in a research note on Thursday, July 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 1,174.92 ($15.34).
Babcock International Group PLC (LON:BAB) opened at 1055.00 on Monday. The company’s market cap is GBX 5.32 billion. Babcock International Group PLC has a 52 week low of GBX 780.00 and a 52 week high of GBX 1,112.00. The company has a 50-day moving average of GBX 1,060.16 and a 200 day moving average of GBX 991.08.
In related news, insider Hardy,Roger purchased 10,417 shares of the business’s stock in a transaction on Friday, July 29th. The stock was acquired at an average price of GBX 965 ($12.60) per share, with a total value of £100,524.05 ($131,215.31).
Babcock International Group PLC Company Profile
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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