Babcock International Group PLC’s (BAB) Buy Rating Reaffirmed at Liberum Capital
Other equities research analysts also recently issued research reports about the company. Shore Capital reaffirmed a buy rating on shares of Babcock International Group PLC in a report on Friday, May 19th. Peel Hunt reaffirmed a buy rating and set a GBX 1,085 ($14.01) target price on shares of Babcock International Group PLC in a report on Wednesday, May 24th. Jefferies Group LLC decreased their target price on Babcock International Group PLC from GBX 1,280 ($16.53) to GBX 1,260 ($16.27) and set a buy rating for the company in a report on Friday, May 26th. Goldman Sachs Group, Inc. (The) decreased their target price on Babcock International Group PLC from GBX 1,420 ($18.34) to GBX 1,360 ($17.56) and set a conviction-buy rating for the company in a report on Friday, May 26th. Finally, Deutsche Bank AG reaffirmed a hold rating and set a GBX 1,020 ($13.17) target price on shares of Babcock International Group PLC in a report on Tuesday, May 23rd. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Babcock International Group PLC currently has an average rating of Buy and a consensus target price of GBX 1,147.30 ($14.82).
Babcock International Group PLC (LON BAB) traded down 1.58% during trading on Thursday, reaching GBX 810.50. 900,685 shares of the company’s stock traded hands. The company has a 50 day moving average of GBX 834.45 and a 200 day moving average of GBX 883.77. The firm’s market cap is GBX 4.09 billion. Babcock International Group PLC has a one year low of GBX 797.75 and a one year high of GBX 1,112.00.
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In other Babcock International Group PLC news, insider Franco Martinelli sold 7,151 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of GBX 887 ($11.46), for a total value of £63,429.37 ($81,918.34).
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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