Babcock International Group PLC (BAB) Given Average Recommendation of “Hold” by Analysts

Shares of Babcock International Group PLC (LON:BAB) have been given an average rating of “Hold” by the fourteen brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 856.18 ($11.19).

BAB has been the topic of several research analyst reports. Numis Securities reissued a “buy” rating on shares of Babcock International Group in a research report on Monday, September 3rd. Liberum Capital reissued 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. Royal Bank of Canada cut Babcock International Group to a “sector perform” rating and cut their price objective for the stock from GBX 1,000 ($13.07) to GBX 700 ($9.15) in a research report on Monday, November 5th. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a research report on Friday, November 2nd. Finally, Jefferies Financial Group cut their price objective on Babcock International Group from GBX 1,260 ($16.46) to GBX 950 ($12.41) and set a “buy” rating on the stock in a research report on Monday, August 6th.

BAB stock opened at GBX 600.40 ($7.85) on Friday. Babcock International Group has a 1-year low of GBX 604 ($7.89) and a 1-year high of GBX 1,030 ($13.46).

About Babcock International Group

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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