Babcock International Group (BAB) Receives Hold Rating from Peel Hunt
Peel Hunt restated their hold rating on shares of Babcock International Group (LON:BAB) in a research note published on Tuesday. Peel Hunt currently has a GBX 785 ($11.01) price objective on the stock.
Several other equities research analysts also recently issued reports on BAB. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 1,365 ($19.14) price objective on shares of Babcock International Group in a research note on Wednesday, November 8th. Liberum Capital reaffirmed a buy rating and issued a GBX 1,100 ($15.42) target price on shares of Babcock International Group in a research report on Friday, November 10th. Morgan Stanley reaffirmed an overweight rating and issued a GBX 975 ($13.67) target price on shares of Babcock International Group in a research report on Monday, November 13th. Shore Capital reaffirmed a buy rating on shares of Babcock International Group in a research report on Friday, November 17th. Finally, Panmure Gordon reaffirmed a buy rating and issued a GBX 1,000 ($14.02) target price on shares of Babcock International Group in a research report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Babcock International Group currently has an average rating of Hold and a consensus target price of GBX 967.92 ($13.57).
Shares of Babcock International Group (LON:BAB) opened at GBX 646.40 ($9.06) on Tuesday. The stock has a market cap of $3,270.00 and a price-to-earnings ratio of 1,010.00. Babcock International Group has a 52 week low of GBX 604 ($8.47) and a 52 week high of GBX 1,030 ($14.44).
In related news, insider Myles Lee acquired 5,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was bought at an average cost of GBX 678 ($9.51) per share, with a total value of £33,900 ($47,532.25). Also, insider Mike Turner acquired 9,500 shares of the business’s stock in a transaction on Monday, November 27th. The shares were bought at an average cost of GBX 673 ($9.44) per share, with a total value of £63,935 ($89,645.26).
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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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