Jefferies Group Cuts Babcock International Group PLC (BAB) Price Target to GBX 1,280
Babcock International Group PLC (LON:BAB) had its price objective lowered by equities research analysts at Jefferies Group from GBX 1,330 ($16.62) to GBX 1,280 ($15.99) in a research report issued to clients and investors on Monday. The firm presently has a “buy” rating on the stock. Jefferies Group’s target price points to a potential upside of 36.24% from the stock’s current price.
A number of other analysts have also issued reports on BAB. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,440 ($17.99) price objective on shares of Babcock International Group PLC in a research note on Wednesday, November 23rd. Panmure Gordon restated a “buy” rating and set a GBX 1,108 ($13.84) target price on shares of Babcock International Group PLC in a research report on Tuesday, November 22nd. BNP Paribas restated a “neutral” rating and set a GBX 1,050 ($13.12) target price on shares of Babcock International Group PLC in a research report on Monday, November 21st. Credit Suisse Group AG restated a “neutral” rating and set a GBX 1,080 ($13.49) target price on shares of Babcock International Group PLC in a research report on Thursday, September 29th. Finally, Peel Hunt restated a “buy” rating and set a GBX 1,121 ($14.01) target price on shares of Babcock International Group PLC in a research report on Tuesday, November 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of GBX 1,169.92 ($14.62).
Babcock International Group PLC (LON:BAB) opened at 939.48688 on Monday. The company has a 50 day moving average price of GBX 985.24 and a 200 day moving average price of GBX 1,000.14. The firm’s market capitalization is GBX 4.73 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 business also recently announced a dividend, which will be paid on Monday, January 16th. Investors of record on Thursday, December 8th will be issued a dividend of GBX 6.50 ($0.08) per share. This represents a yield of 0.69%. The ex-dividend date is Thursday, December 8th.
WARNING: This piece was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2016/11/28/jefferies-group-cuts-babcock-international-group-plc-bab-price-target-to-gbx-1280.html.
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.
Receive News & Stock Ratings for Babcock International Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Babcock International Group PLC and related stocks with our FREE daily email newsletter.