Zacks Investment Research upgraded shares of Babcock Intl Group (NASDAQ:BCKIY) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. The brokerage currently has $12.00 price target on the stock.

According to Zacks, “Babcock International Group PLC offers engineering support services to the defense, energy, emergency services, transport and education sectors. The Company’s operating segment consists of Marine and Technology, Defence and Security, Support Services and International. Marine and Technology segment offers engineering support services to the Royal Navy. Defence and Security segment provides to the United Kingdom’s armed forces, delivering technical training and asset management. Support Services segment manages assets, delivers programs and teaches vital skills for civil Governments and blue-chip commercial organizations. Mission Critical Services business is a provider of helicopter and fixed-wing emergency services and crew change services for oil and gas operators primarily in Europe and Australia. Babcock International Group PLC is headquartered in London, the United Kingdom. “

Babcock Intl Group (NASDAQ BCKIY) opened at 12.65 on Tuesday. Babcock Intl Group has a 12-month low of $11.10 and a 12-month high of $13.00. The company has a market cap of $6.39 billion and a P/E ratio of 15.99.

TRADEMARK VIOLATION NOTICE: This article was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/06/19/babcock-intl-group-bckiy-upgraded-to-buy-at-zacks-investment-research.html.

Get a free copy of the Zacks research report on Babcock Intl Group (BCKIY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Babcock Intl Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Babcock Intl Group and related stocks with our FREE daily email newsletter.