Babcock International Group PLC (BAB) Earns “Overweight” Rating from JPMorgan Chase & Co.
Babcock International Group PLC (LON:BAB)‘s stock had its “overweight” rating reissued by investment analysts at JPMorgan Chase & Co. in a report released on Wednesday. They currently have a GBX 1,440 ($17.99) price objective on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 52.38% from the company’s previous close.
BAB has been the subject of several other research reports. BNP Paribas reissued a “neutral” rating and issued a GBX 1,050 ($13.12) price objective on shares of Babcock International Group PLC in a report on Monday, October 10th. Peel Hunt reissued a “buy” rating and issued a GBX 1,121 ($14.01) price objective on shares of Babcock International Group PLC in a report on Friday, October 14th. Canaccord Genuity reissued a “buy” rating and issued a GBX 1,200 ($14.99) price objective on shares of Babcock International Group PLC in a report on Tuesday, October 18th. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and set a GBX 1,480 ($18.49) price target on shares of Babcock International Group PLC in a report on Thursday, September 8th. Finally, Liberum Capital raised their price target on Babcock International Group PLC from GBX 900 ($11.24) to GBX 1,050 ($13.12) and gave the company a “hold” rating in a report on Thursday, September 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 1,172.23 ($14.65).
Shares of Babcock International Group PLC (LON:BAB) opened at 935.50 on Wednesday. Babcock International Group PLC has a 12-month low of GBX 780.00 and a 12-month high of GBX 1,112.00. The company’s market cap is GBX 4.71 billion. The stock has a 50 day moving average of GBX 993.72 and a 200 day moving average of GBX 1,000.82.
The business also recently declared a dividend, which will be paid on Monday, January 16th. Investors of record on Thursday, December 8th will be given a GBX 6.50 ($0.08) dividend. This represents a dividend yield of 0.69%. The ex-dividend date is Thursday, December 8th.
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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