Babcock International Group plc (LON:BAB)‘s stock had its “buy” rating restated by Peel Hunt in a note issued to investors on Tuesday. They currently have a GBX 1,085 ($14.27) target price on the stock. Peel Hunt’s target price suggests a potential upside of 46.82% from the company’s previous close.
A number of other research firms have also issued reports on BAB. Credit Suisse Group lowered their target price on shares of Babcock International Group plc from GBX 1,030 ($13.55) to GBX 925 ($12.17) and set a “neutral” rating on the stock in a research note on Thursday, August 17th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 1,365 ($17.95) target price on shares of Babcock International Group plc in a research note on Thursday, September 21st. Morgan Stanley reduced their price target on shares of Babcock International Group plc from GBX 1,110 ($14.60) to GBX 975 ($12.82) and set an “overweight” rating for the company in a report on Thursday, September 28th. Finally, Liberum Capital reissued a “buy” rating on shares of Babcock International Group plc in a report on Thursday, September 7th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Babcock International Group plc presently has an average rating of “Buy” and a consensus target price of GBX 1,117.30 ($14.70).
Babcock International Group plc (LON BAB) opened at GBX 739 ($9.72) on Tuesday. Babcock International Group plc has a 12 month low of GBX 792.53 ($10.42) and a 12 month high of GBX 1,030 ($13.55).
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About Babcock International Group plc
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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