Shares of Babcock International (LON:BAB) have received an average recommendation of “Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat reports. One investment 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. The average 1 year price objective among brokers that have covered the stock in the last year is GBX 956.92 ($13.35).
A number of brokerages recently issued reports on BAB. Royal Bank of Canada reissued an “outperform” rating and set a GBX 1,000 ($13.95) price target on shares of Babcock International in a research note on Friday, April 13th. Liberum Capital reissued a “buy” rating and set a GBX 1,100 ($15.34) price target on shares of Babcock International in a research note on Wednesday, April 11th. BNP Paribas decreased their price target on Babcock International from GBX 975 ($13.60) to GBX 800 ($11.16) and set a “neutral” rating for the company in a research note on Thursday, April 5th. JPMorgan Chase reissued an “overweight” rating and set a GBX 1,365 ($19.04) price target on shares of Babcock International in a research note on Wednesday, February 7th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 785 ($10.95) price target on shares of Babcock International in a research note on Tuesday, February 6th.
Shares of BAB stock traded down GBX 5.20 ($0.07) on Wednesday, reaching GBX 735.80 ($10.26). 1,356,464 shares of the company’s stock were exchanged, compared to its average volume of 2,170,000. Babcock International has a 52 week low of GBX 604 ($8.42) and a 52 week high of GBX 1,030 ($14.37).
In other news, insider Jeff Randall acquired 1,000 shares of Babcock International stock in a transaction on Thursday, March 8th. The shares were bought at an average cost of GBX 662 ($9.23) per share, for a total transaction of £6,620 ($9,232.91).
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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