Babcock International Group PLC (BAB) Given “Overweight” Rating at JPMorgan Chase & Co.
Babcock International Group PLC (LON:BAB)‘s stock had its “overweight” rating reaffirmed by JPMorgan Chase & Co. in a research report issued on Wednesday. They presently have a GBX 1,440 ($17.55) target price on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 44.51% from the stock’s previous close.
Other research analysts have also issued research reports about the stock. Goldman Sachs Group Inc. reiterated a “buy” rating and set a GBX 1,245 ($15.17) price objective on shares of Babcock International Group PLC in a research note on Monday, June 27th. Deutsche Bank AG restated a “buy” rating and issued a GBX 1,135 ($13.83) price target on shares of Babcock International Group PLC in a research report on Friday, July 22nd. Peel Hunt restated a “buy” rating and issued a GBX 1,121 ($13.66) price target on shares of Babcock International Group PLC in a research report on Thursday, July 21st. Shore Capital restated a “buy” rating on shares of Babcock International Group PLC in a research report on Thursday, September 29th. Finally, Canaccord Genuity restated a “buy” rating and issued a GBX 1,200 ($14.63) price target on shares of Babcock International Group PLC in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 1,174.92 ($14.32).
Shares of Babcock International Group PLC (LON:BAB) opened at 996.50 on Wednesday. The firm’s market capitalization is GBX 5.02 billion. Babcock International Group PLC has a 12-month low of GBX 780.00 and a 12-month high of GBX 1,112.00. The stock’s 50 day moving average price is GBX 1,055.72 and its 200-day moving average price is GBX 996.54.
In related news, insider Hardy,Roger bought 10,417 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was bought at an average price of GBX 965 ($11.76) per share, with a total value of £100,524.05 ($122,515.60).
About Babcock International Group PLC
Babcock International Group PLC is a holding company. The Company is an engineering support services company. The Company offers support to the defense, energy, emergency services, transport and education sectors. Its segments include Marine and Technology, Defence and Security, Support Services and International.
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