JPMorgan Chase & Co. reissued their overweight rating on shares of Babcock International Group (LON:BAB) in a research report released on Wednesday. The brokerage currently has a GBX 1,365 ($19.14) price objective on the stock.
A number of other brokerages have also commented on BAB. Liberum Capital reissued a buy rating and set a GBX 1,100 ($15.42) price objective on shares of Babcock International Group in a report on Tuesday, November 21st. Morgan Stanley lowered Babcock International Group to an equal weight rating and lowered their price objective for the company from GBX 975 ($13.67) to GBX 800 ($11.22) in a report on Friday, December 1st. Peel Hunt reissued a hold rating and set a GBX 751 ($10.53) price objective (down previously from GBX 1,085 ($15.21)) on shares of Babcock International Group in a report on Wednesday, December 20th. Credit Suisse Group reissued a neutral rating and set a GBX 925 ($12.97) price objective on shares of Babcock International Group in a report on Thursday, November 23rd. Finally, Numis Securities initiated coverage on Babcock International Group in a report on Monday, January 22nd. They set a buy rating and a GBX 980 ($13.74) price objective on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of GBX 967.92 ($13.57).
Babcock International Group (BAB) opened at GBX 646.40 ($9.06) on Wednesday. The company has a market capitalization of $3,270.00 and a PE ratio of 1,010.00. Babcock International Group has a fifty-two week low of GBX 604 ($8.47) and a fifty-two week high of GBX 1,030 ($14.44).
In other news, insider Mike Turner acquired 9,500 shares of Babcock International Group stock in a transaction on Monday, November 27th. The stock was bought at an average price of GBX 673 ($9.44) per share, for a total transaction of £63,935 ($89,645.26). Also, insider Myles Lee acquired 5,000 shares of Babcock International Group stock in a transaction on Wednesday, December 6th. The stock was purchased at an average price of GBX 678 ($9.51) per share, with a total value of £33,900 ($47,532.25).
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.
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