Babcock International Group (LON:BAB) had its price objective lowered by equities research analysts at Credit Suisse Group from GBX 925 ($12.99) to GBX 750 ($10.53) in a research report issued on Wednesday, January 3rd. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group’s price objective points to a potential upside of 2.54% from the stock’s previous close.

Several other research firms also recently issued reports on BAB. Liberum Capital restated a “buy” rating and set a GBX 1,100 ($15.45) price objective on shares of Babcock International Group in a report on Friday, November 10th. Peel Hunt restated a “buy” rating and set a GBX 1,085 ($15.24) price objective on shares of Babcock International Group in a report on Wednesday, September 20th. Shore Capital restated a “buy” rating on shares of Babcock International Group in a report on Friday, November 17th. Panmure Gordon restated a “buy” rating and set a GBX 1,000 ($14.04) price objective on shares of Babcock International Group in a report on Tuesday, November 21st. Finally, Goldman Sachs Group restated a “buy” rating and set a GBX 920 ($12.92) price objective (down previously from GBX 1,330 ($18.68)) on shares of Babcock International Group in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 967.92 ($13.59).

Shares of Babcock International Group (BAB) traded down GBX 11.80 ($0.17) during trading on Wednesday, reaching GBX 731.40 ($10.27). 954,001 shares of the company’s stock were exchanged, compared to its average volume of 2,090,000. The company has a market capitalization of $3,700.00 and a P/E ratio of 1,142.81. Babcock International Group has a fifty-two week low of GBX 651 ($9.14) and a fifty-two week high of GBX 1,030 ($14.46).

In other Babcock International Group news, insider Myles Lee bought 5,000 shares of Babcock International Group stock in a transaction dated Wednesday, December 6th. The stock was acquired at an average cost of GBX 678 ($9.52) per share, with a total value of £33,900 ($47,605.67). Also, insider Mike Turner bought 9,500 shares of Babcock International Group stock in a transaction dated Monday, November 27th. The shares were acquired at an average cost of GBX 673 ($9.45) per share, with a total value of £63,935 ($89,783.74).

ILLEGAL ACTIVITY NOTICE: “Babcock International Group (LON:BAB) PT Lowered to GBX 750 at Credit Suisse Group” was originally reported by Marea Informative and is owned by of Marea Informative. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://www.mareainformativa.com/babcock-international-group-bab-price-target-cut-to-gbx-750-updated-updated-updated/125203/.

Babcock International Group Company Profile

Babcock International Group PLC is a holding company. The Company provides engineering services. Its segments include Marine and Technology, Defence and Security, Support Services and International. The Marine and Technology segment delivers support to the United Kingdom Royal Navy’s submarines, naval ships and infrastructure.

Analyst Recommendations for Babcock International Group (LON:BAB)

Receive News & Ratings for Babcock International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Babcock International Group and related companies with MarketBeat.com's FREE daily email newsletter.