Royal Bank of Canada reiterated their outperform rating on shares of Babcock International (LON:BAB) in a research note released on Friday. They currently have a GBX 1,000 ($14.13) price objective on the stock.
Several other equities research analysts have also recently issued reports on the company. Numis Securities started coverage on Babcock International in a research note on Monday, January 22nd. They issued a buy rating and a GBX 980 ($13.85) price target for the company. Credit Suisse Group cut their price target on Babcock International from GBX 925 ($13.07) to GBX 750 ($10.60) and set a neutral rating for the company in a research note on Wednesday, January 3rd. Peel Hunt boosted their price target on Babcock International from GBX 751 ($10.61) to GBX 785 ($11.10) and gave the company a hold rating in a research note on Tuesday, January 23rd. Liberum Capital reiterated a buy rating and issued a GBX 1,100 ($15.55) price target on shares of Babcock International in a research note on Monday, December 18th. Finally, JPMorgan Chase reiterated an overweight rating and issued a GBX 1,365 ($19.29) price target on shares of Babcock International in a research note on Wednesday, February 7th. One 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’s stock. Babcock International currently has a consensus rating of Buy and an average target price of GBX 956.92 ($13.53).
Shares of BAB stock opened at GBX 728.40 ($10.30) on Friday. Babcock International has a 1 year low of GBX 604 ($8.54) and a 1 year high of GBX 1,030 ($14.56).
In other Babcock International news, insider Jeff Randall bought 1,000 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was purchased at an average cost of GBX 662 ($9.36) per share, for a total transaction of £6,620 ($9,356.89).
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Babcock International Company Profile
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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