Babcock International Group’s (BAB) Hold Rating Reiterated at Peel Hunt
Babcock International Group (LON:BAB)‘s stock had its “hold” rating reiterated by equities research analysts at Peel Hunt in a note issued to investors on Tuesday. They currently have a GBX 785 ($11.01) price objective on the stock. Peel Hunt’s target price indicates a potential upside of 26.61% from the company’s current price.
Other analysts have also issued reports about the company. Panmure Gordon reissued a “buy” rating and issued a GBX 1,000 ($14.02) price objective on shares of Babcock International Group in a report on Tuesday, November 21st. Liberum Capital reissued a “buy” rating and issued a GBX 1,100 ($15.42) price objective on shares of Babcock International Group in a report on Tuesday, November 21st. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a report on Friday, November 17th. Goldman Sachs Group reissued a “buy” rating and issued a GBX 920 ($12.90) price objective (down from GBX 1,330 ($18.65)) on shares of Babcock International Group in a report on Thursday, November 30th. Finally, Numis Securities started coverage on Babcock International Group in a report on Monday, January 22nd. They issued a “buy” rating and a GBX 980 ($13.74) price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 967.92 ($13.57).
Shares of Babcock International Group (LON:BAB) opened at GBX 620 ($8.69) on Tuesday. The firm has a market capitalization of $3,300.00 and a PE ratio of 968.75. Babcock International Group has a fifty-two week low of GBX 617.80 ($8.66) and a fifty-two week high of GBX 1,030 ($14.44).
Babcock International Group Company Profile
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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