Babcock International Group (BAB) Given “Buy” Rating at Liberum Capital
A number of other research firms also recently weighed in on BAB. Morgan Stanley downgraded shares of Babcock International Group to an equal weight rating and dropped their price target for the stock from GBX 975 ($13.67) to GBX 800 ($11.22) in a research note on Friday, December 1st. Peel Hunt reissued a hold rating and set a GBX 751 ($10.53) price target (down from GBX 1,085 ($15.21)) on shares of Babcock International Group in a research note on Wednesday, December 20th. Credit Suisse Group reissued a neutral rating and set a GBX 925 ($12.97) price target on shares of Babcock International Group in a research note on Thursday, November 23rd. Numis Securities initiated coverage on shares of Babcock International Group in a research note on Monday, January 22nd. They set a buy rating and a GBX 980 ($13.74) price target for the company. Finally, JPMorgan Chase & Co. reissued an overweight rating and set a GBX 1,365 ($19.14) price target on shares of Babcock International Group in a research note on Wednesday, November 8th. One research 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. Babcock International Group has an average rating of Hold and an average target price of GBX 967.92 ($13.57).
Shares of Babcock International Group (LON BAB) opened at GBX 644 ($9.03) on Tuesday. The firm has a market cap of $3,260.00 and a P/E ratio of 1,006.25. Babcock International Group has a 12 month low of GBX 604 ($8.47) and a 12 month high of GBX 1,030 ($14.44).
In other news, insider Mike Turner bought 9,500 shares of the stock in a transaction on Monday, November 27th. The stock was purchased at an average price of GBX 673 ($9.44) per share, with a total value of £63,935 ($89,645.26). Also, insider Myles Lee bought 5,000 shares of the stock in a transaction on Wednesday, December 6th. The stock was purchased at an average cost of GBX 678 ($9.51) per share, with a total value of £33,900 ($47,532.25).
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About Babcock International Group
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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