Shares of Babcock International Group PLC (LON:BAB) have earned an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is GBX 415.67 ($5.43).
A number of equities research analysts have weighed in on BAB shares. Shore Capital reaffirmed a “house stock” rating on shares of Babcock International Group in a report on Friday, January 15th. JPMorgan Chase & Co. dropped their price objective on Babcock International Group from GBX 335 ($4.38) to GBX 270 ($3.53) and set a “neutral” rating on the stock in a report on Monday, January 18th.
In other Babcock International Group news, insider Ruth Cairnie bought 25,240 shares of the business’s stock in a transaction on Wednesday, January 20th. The stock was bought at an average price of GBX 198 ($2.59) per share, for a total transaction of £49,975.20 ($65,292.92).
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's Marine segment offers life support services for naval ships, and infrastructure. Its Nuclear segment provides submarines and complex engineering services in support of various decommissioning programs and projects, training and operation support, new build program management, and design and installation.
Featured Story: How does the Federal Reserve determine interest rates?
Receive News & Ratings for Babcock International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Babcock International Group and related companies with MarketBeat.com's FREE daily email newsletter.