Liberum Capital began coverage on shares of Babcock International Group (LON:BAB) in a research note issued on Wednesday. The firm set a “buy” rating and a GBX 900 ($11.76) price target on the stock. Liberum Capital’s price target would suggest a potential upside of 56.36% from the stock’s current price.
BAB has been the subject of several other research reports. Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a report on Monday, October 8th. JPMorgan Chase & Co. dropped their target price on shares of Babcock International Group from GBX 1,365 ($17.84) to GBX 998 ($13.04) and set an “overweight” rating for the company in a report on Thursday, October 11th. Peel Hunt reiterated a “hold” rating on shares of Babcock International Group in a report on Thursday, August 30th. Jefferies Financial Group dropped their target price on shares of Babcock International Group from GBX 1,260 ($16.46) to GBX 950 ($12.41) and set a “buy” rating for the company in a report on Monday, August 6th. Finally, Royal Bank of Canada downgraded shares of Babcock International Group to a “sector perform” rating and dropped their target price for the company from GBX 1,000 ($13.07) to GBX 700 ($9.15) in a report on Monday, November 5th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 843.73 ($11.02).
Shares of BAB opened at GBX 575.60 ($7.52) on Wednesday. Babcock International Group has a 1-year low of GBX 604 ($7.89) and a 1-year high of GBX 1,030 ($13.46).
In other Babcock International Group news, insider Myles Lee purchased 7,500 shares of the firm’s stock in a transaction on Wednesday, November 21st. The stock was bought at an average price of GBX 551 ($7.20) per share, with a total value of £41,325 ($53,998.43).
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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