Babcock International Group PLC’s (BAB) “Buy” Rating Reiterated at Liberum Capital

Liberum Capital reaffirmed their buy rating on shares of Babcock International Group PLC (LON:BAB) in a research note published on Monday, April 3rd. Liberum Capital currently has a GBX 960 ($12.40) target price on the stock.

A number of other equities analysts have also recently commented on BAB. Shore Capital reiterated a buy rating on shares of Babcock International Group PLC in a report on Monday, April 3rd. BNP Paribas reiterated a neutral rating and set a GBX 1,020 ($13.17) price target on shares of Babcock International Group PLC in a report on Monday, February 13th. Peel Hunt reiterated a buy rating and set a GBX 1,085 ($14.01) price target on shares of Babcock International Group PLC in a report on Monday, March 27th. Finally, JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 1,440 ($18.59) price target on shares of Babcock International Group PLC in a report on Tuesday, March 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of GBX 1,133 ($14.63).

Shares of Babcock International Group PLC (LON:BAB) traded up 0.28% during mid-day trading on Monday, reaching GBX 903.00. The company’s stock had a trading volume of 1,628,154 shares. The firm’s 50 day moving average is GBX 895.53 and its 200-day moving average is GBX 928.83. The company’s market capitalization is GBX 4.56 billion. Babcock International Group PLC has a 52-week low of GBX 780.00 and a 52-week high of GBX 1,112.00.

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In related news, insider Archie Bethel acquired 1,585 shares of the firm’s stock in a transaction that occurred on Monday, March 27th. The stock was acquired at an average cost of GBX 883 ($11.40) per share, for a total transaction of £13,995.55 ($18,070.43).

Babcock International Group PLC Company Profile

Babcock International Group PLC is a holding company. The Company is an engineering support services company. The Company offers support to the defense, energy, emergency services, transport and education sectors. Its segments include Marine and Technology, Defence and Security, Support Services and International.

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