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).
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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