Babcock International Group (LON:BAB)‘s stock had its “hold” rating reissued by research analysts at Peel Hunt in a research report issued on Wednesday, January 3rd. They presently have a GBX 751 ($10.18) price objective on the stock. Peel Hunt’s price objective suggests a potential upside of 5.18% from the company’s previous close.
BAB has been the subject of a number of other reports. Liberum Capital restated a “buy” rating and issued a GBX 1,100 ($14.92) target price on shares of Babcock International Group in a research note on Friday, November 10th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,365 ($18.51) target price on shares of Babcock International Group in a research note on Wednesday, November 8th. Morgan Stanley lowered their target price on Babcock International Group from GBX 1,110 ($15.05) to GBX 975 ($13.22) and set an “overweight” rating for the company in a research note on Thursday, September 28th. Credit Suisse Group lowered their target price on Babcock International Group from GBX 925 ($12.54) to GBX 750 ($10.17) and set a “neutral” rating for the company in a research note on Wednesday, January 3rd. Finally, Citigroup restated a “sell” rating and issued a GBX 660 ($8.95) target price on shares of Babcock International Group in a research note on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Babcock International Group has a consensus rating of “Hold” and an average target price of GBX 963.73 ($13.07).
Shares of Babcock International Group (LON:BAB) traded down GBX 24 ($0.33) during trading hours on Wednesday, hitting GBX 714 ($9.68). The stock had a trading volume of 2,896,794 shares, compared to its average volume of 2,350,000. Babcock International Group has a 52 week low of GBX 651 ($8.83) and a 52 week high of GBX 1,030 ($13.97). The firm has a market capitalization of $3,610.00 and a price-to-earnings ratio of 1,115.63.
In related news, insider Mike Turner bought 9,500 shares of Babcock International Group stock in a transaction on Monday, November 27th. The shares were purchased at an average price of GBX 673 ($9.13) per share, for a total transaction of £63,935 ($86,703.28). Also, insider Myles Lee bought 5,000 shares of Babcock International Group stock in a transaction on Wednesday, December 6th. The shares were bought at an average price of GBX 678 ($9.19) per share, for a total transaction of £33,900 ($45,972.34).
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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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