Babcock International Group (LON:BAB)‘s stock had its “hold” rating reissued by equities researchers at Peel Hunt in a research report issued on Wednesday. They currently have a GBX 751 ($10.04) price objective on the stock. Peel Hunt’s price target suggests a potential upside of 5.69% from the stock’s current price.

Several other analysts also recently commented on the stock. Credit Suisse Group dropped their price objective on shares of Babcock International Group from GBX 925 ($12.37) to GBX 750 ($10.03) and set a “neutral” rating on the stock in a report on Wednesday. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,100 ($14.71) price objective on shares of Babcock International Group in a report on Monday, December 18th. Shore Capital reaffirmed a “buy” rating on shares of Babcock International Group in a report on Monday, December 11th. Morgan Stanley downgraded shares of Babcock International Group to an “equal weight” rating and dropped their price objective for the company from GBX 975 ($13.04) to GBX 800 ($10.70) in a report on Friday, December 1st. Finally, Goldman Sachs Group reaffirmed a “buy” rating and issued a GBX 920 ($12.30) price objective (down from GBX 1,330 ($17.78)) on shares of Babcock International Group in a report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Babcock International Group has a consensus rating of “Hold” and a consensus price target of GBX 963.73 ($12.89).

Shares of Babcock International Group (LON:BAB) opened at GBX 710.60 ($9.50) on Wednesday. The company has a market cap of $3,590.00 and a price-to-earnings ratio of 1,110.31. Babcock International Group has a twelve month low of GBX 651 ($8.70) and a twelve month high of GBX 1,030 ($13.77).

In other news, insider Mike Turner bought 9,500 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was purchased at an average cost of GBX 673 ($9.00) per share, for a total transaction of £63,935 ($85,486.03). Also, insider Myles Lee bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average price of GBX 678 ($9.07) per share, with a total value of £33,900 ($45,326.92).

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Babcock International Group Company Profile

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.

Analyst Recommendations for Babcock International Group (LON:BAB)

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