Babcock International Group PLC (BAB) Earns Buy Rating from Peel Hunt
Babcock International Group PLC (LON:BAB)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a research report issued on Friday. They currently have a GBX 1,121 ($13.87) target price on the stock. Peel Hunt’s target price would indicate a potential upside of 13.35% from the company’s current price.
Several other analysts also recently issued reports on the company. Liberum Capital upped their price target on Babcock International Group PLC from GBX 900 ($11.14) to GBX 1,050 ($13.00) and gave the stock a “hold” rating in a research note on Thursday, September 29th. BNP Paribas restated a “neutral” rating and set a GBX 1,050 ($13.00) target price on shares of Babcock International Group PLC in a research note on Monday, August 22nd. Goldman Sachs Group Inc. restated a “conviction-buy” rating and set a GBX 1,480 ($18.32) target price on shares of Babcock International Group PLC in a research note on Thursday, September 8th. Credit Suisse Group AG restated a “neutral” rating and set a GBX 950 ($11.76) target price (down previously from GBX 1,250 ($15.47)) on shares of Babcock International Group PLC in a research note on Tuesday, June 28th. Finally, Shore Capital restated a “buy” rating on shares of Babcock International Group PLC in a research note on Thursday, September 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Babcock International Group PLC presently has a consensus rating of “Buy” and an average price target of GBX 1,174.92 ($14.54).
Babcock International Group PLC (LON:BAB) opened at 993.00 on Friday. 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’s 50-day moving average price is GBX 1,058.57 and its 200-day moving average price is GBX 995.51. The company’s market capitalization is GBX 5.00 billion.
In other Babcock International Group PLC news, insider Hardy,Roger purchased 10,417 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was purchased at an average cost of GBX 965 ($11.94) per share, with a total value of £100,524.05 ($124,410.95).
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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