Babcock International Group’s (BAB) “Hold” Rating Reiterated at Peel Hunt
Other equities research analysts have also recently issued research reports about the stock. Liberum Capital reaffirmed a buy rating on shares of Babcock International Group in a research report on Monday, June 11th. Numis Securities reaffirmed a buy rating and set a GBX 980 ($12.64) price objective on shares of Babcock International Group in a research report on Thursday, May 17th. Shore Capital reaffirmed a buy rating on shares of Babcock International Group in a research report on Wednesday, May 23rd. Jefferies Financial Group cut their price objective on shares of Babcock International Group from GBX 1,260 ($16.25) to GBX 950 ($12.25) and set a buy rating for the company in a research report on Monday, August 6th. Finally, Deutsche Bank dropped their target price on shares of Babcock International Group from GBX 1,020 ($13.16) to GBX 740 ($9.55) and set a hold rating for the company in a report on Monday, May 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of GBX 909.62 ($11.73).
BAB opened at GBX 716.20 ($9.24) on Thursday. Babcock International Group has a twelve month low of GBX 604 ($7.79) and a twelve month high of GBX 1,030 ($13.29).
About Babcock International Group
Babcock International Group PLC, together with its subsidiaries, provides engineering support services for defense, marine, aviation, and nuclear sectors. It operates through Marine and Technology, Defence and Security, Support Services, and International divisions. The company delivers through-life marine engineering services ranging from supporting naval fleets, commercial marine, engineering consultancy, weapons handling, equipment support, intelligence and cyber-security, and technical training to defense and civil customers.
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