Recent Analysts’ Ratings Changes for Babcock International Group (BAB)

Several brokerages have updated their recommendations and price targets on shares of Babcock International Group (LON: BAB) in the last few weeks:

  • 10/16/2018 – Babcock International Group had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,100 ($14.37) price target on the stock.
  • 10/11/2018 – Babcock International Group had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 1,365 ($17.84) to GBX 998 ($13.04). They now have an “overweight” rating on the stock.
  • 10/10/2018 – Babcock International Group had its “buy” rating reaffirmed by analysts at Liberum Capital.
  • 10/8/2018 – Babcock International Group had its “buy” rating reaffirmed by analysts at Shore Capital.
  • 9/19/2018 – Babcock International Group had its “hold” rating reaffirmed by analysts at Peel Hunt.
  • 9/19/2018 – Babcock International Group had its “buy” rating reaffirmed by analysts at Shore Capital.
  • 9/19/2018 – Babcock International Group had its “buy” rating reaffirmed by analysts at Liberum Capital.
  • 9/3/2018 – Babcock International Group had its “buy” rating reaffirmed by analysts at Numis Securities Ltd.
  • 8/30/2018 – Babcock International Group had its “hold” rating reaffirmed by analysts at Peel Hunt.
  • 8/23/2018 – Babcock International Group had its price target lowered by analysts at Peel Hunt from GBX 785 ($10.26) to GBX 760 ($9.93). They now have a “hold” rating on the stock.

Shares of LON BAB traded down GBX 14.80 ($0.19) during mid-day trading on Wednesday, reaching GBX 623 ($8.14). 2,418,459 shares of the company traded hands, compared to its average volume of 2,170,000. Babcock International Group PLC has a fifty-two week low of GBX 604 ($7.89) and a fifty-two week high of GBX 1,030 ($13.46).

In other Babcock International Group news, insider Mike Turner bought 15,000 shares of the stock in a transaction on Thursday, July 19th. The shares were purchased at an average price of GBX 736 ($9.62) per share, with a total value of £110,400 ($144,257.15). Also, insider Lucy Dimes bought 5,000 shares of the stock in a transaction on Thursday, August 2nd. The stock was acquired at an average cost of GBX 696 ($9.09) per share, for a total transaction of £34,800 ($45,472.36).

Babcock International Group PLC, together with its subsidiaries, provides engineering services for marine, land, aviation, and nuclear sectors in the United Kingdom and internationally. The company delivers through-life marine engineering services, including 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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