Goldman Sachs Group Reiterates Buy Rating for Babcock International Group (BAB)
Babcock International Group (LON:BAB)‘s stock had its “buy” rating reissued by investment analysts at Goldman Sachs Group in a report issued on Thursday. They currently have a GBX 920 ($12.32) target price on the stock, down from their prior target price of GBX 1,330 ($17.81). Goldman Sachs Group’s price objective points to a potential upside of 34.74% from the company’s previous close.
Several other analysts have also recently weighed in on the company. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a report on Thursday, November 23rd. Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 925 ($12.39) price target on shares of Babcock International Group in a research note on Thursday, November 23rd. Citigroup reaffirmed a “sell” rating and issued a GBX 660 ($8.84) price target on shares of Babcock International Group in a research note on Wednesday, November 22nd. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 1,000 ($13.39) price target on shares of Babcock International Group in a research note on Tuesday, November 21st. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,100 ($14.73) price target on shares of Babcock International Group in a research note on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 1,010 ($13.53).
Shares of Babcock International Group (LON:BAB) opened at GBX 682.82 ($9.14) on Thursday. Babcock International Group has a twelve month low of GBX 657 ($8.80) and a twelve month high of GBX 1,030 ($13.79).
About Babcock International Group
Babcock International Group PLC is a holding company. The Company provides engineering services. Its segments include Marine and Technology, Defence and Security, Support Services and International. The Marine and Technology segment delivers support to the United Kingdom Royal Navy’s submarines, naval ships and infrastructure.
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