Babcock International Group (BAB) Stock Rating Reaffirmed by Shore Capital
Babcock International Group (LON:BAB)‘s stock had its “buy” rating restated by research analysts at Shore Capital in a research note issued on Thursday, July 19th.
BAB has been the topic of several other research reports. Liberum Capital reiterated a “buy” rating and set a GBX 1,100 ($14.24) price target on shares of Babcock International Group in a research report on Wednesday, April 11th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 1,000 ($12.94) price objective on shares of Babcock International Group in a research note on Friday, April 13th. Deutsche Bank dropped their price objective on shares of Babcock International Group from GBX 1,020 ($13.20) to GBX 740 ($9.58) and set a “hold” rating for the company in a research note on Monday, May 21st. BNP Paribas dropped their price target on shares of Babcock International Group from GBX 975 ($12.62) to GBX 800 ($10.36) and set a “neutral” rating for the company in a research note on Thursday, April 5th. Finally, Peel Hunt reissued a “hold” rating on shares of Babcock International Group in a research note on Friday, June 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. Babcock International Group has an average rating of “Buy” and an average target price of GBX 911.54 ($11.80).
Babcock International Group traded down GBX 2.40 ($0.03), reaching GBX 728.20 ($9.43), on Thursday, according to Marketbeat.com. The company had a trading volume of 4,697,134 shares, compared to its average volume of 2,170,000. Babcock International Group has a fifty-two week low of GBX 604 ($7.82) and a fifty-two week high of GBX 1,030 ($13.33).
About Babcock International Group
Babcock International Group PLC, together with its subsidiaries, provides engineering support services for defense, marine, aviation, and nuclear sectors. It operates through Marine and Technology, Defence and Security, Support Services, and International divisions. The company delivers through-life marine engineering services ranging from 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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