Babcock International Group (LON:BAB) was downgraded by equities research analysts at Royal Bank of Canada to a “sector perform” rating in a note issued to investors on Monday. They currently have a GBX 700 ($9.15) price objective on the stock, down from their prior price objective of GBX 1,000 ($13.07). Royal Bank of Canada’s price target points to a potential upside of 17.06% from the stock’s current price.
Other research analysts have also issued reports about the company. Shore Capital reaffirmed a “buy” rating on shares of Babcock International Group in a report on Wednesday, September 19th. Numis Securities reaffirmed a “buy” rating on shares of Babcock International Group in a report on Monday, September 3rd. Peel Hunt decreased their price objective on Babcock International Group from GBX 785 ($10.26) to GBX 760 ($9.93) and set a “hold” rating on the stock in a report on Thursday, August 23rd. Liberum Capital reissued a “buy” rating on shares of Babcock International Group in a report on Wednesday, October 10th. Finally, Jefferies Financial Group reduced their target price on Babcock International Group from GBX 1,260 ($16.46) to GBX 950 ($12.41) and set a “buy” rating on the stock in a report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 858.31 ($11.22).
Shares of LON BAB opened at GBX 598 ($7.81) on Monday. Babcock International Group has a one year low of GBX 604 ($7.89) and a one year high of GBX 1,030 ($13.46).
About Babcock International Group
Babcock International Group PLC, together with its subsidiaries, provides engineering services for marine, land, aviation, and nuclear sectors in the United Kingdom and internationally. The company delivers through-life marine engineering services, including 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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