Babcock International Group (BAB) Downgraded by Royal Bank of Canada

Royal Bank of Canada cut shares of Babcock International Group (LON:BAB) to a sector perform rating in a research note released on Monday morning. The firm currently has GBX 700 ($9.15) price objective on the stock, down from their previous price objective of GBX 1,000 ($13.07).

Several other equities research analysts have also recently commented on the company. Shore Capital restated a buy rating on shares of Babcock International Group in a research note on Friday, November 2nd. Liberum Capital reiterated a buy rating and issued a GBX 1,100 ($14.37) price objective on shares of Babcock International Group in a research report on Tuesday, October 16th. JPMorgan Chase & Co. cut their price objective on Babcock International Group from GBX 1,365 ($17.84) to GBX 998 ($13.04) and set an overweight rating for the company in a research report on Thursday, October 11th. Peel Hunt reiterated a hold rating on shares of Babcock International Group in a research report on Wednesday, September 19th. Finally, Numis Securities reiterated a buy rating on shares of Babcock International Group in a research report on Monday, September 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Babcock International Group currently has an average rating of Hold and a consensus target price of GBX 858.31 ($11.22).

Babcock International Group stock opened at GBX 593.60 ($7.76) on Monday. Babcock International Group has a 12 month low of GBX 604 ($7.89) and a 12 month high of GBX 1,030 ($13.46).

Babcock International Group Company Profile

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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Analyst Recommendations for Babcock International Group (LON:BAB)

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