Babcock International Group’s (BAB) “Overweight” Rating Reiterated at JPMorgan Chase & Co.
JPMorgan Chase & Co. reissued their overweight rating on shares of Babcock International Group (LON:BAB) in a report published on Wednesday. The brokerage currently has a GBX 1,365 ($19.14) price objective on the stock.
A number of other research analysts have also commented on BAB. Liberum Capital reaffirmed a buy rating and set a GBX 1,100 ($15.42) price target on shares of Babcock International Group in a research report on Tuesday, February 6th. Peel Hunt reiterated a hold rating and set a GBX 785 ($11.01) target price on shares of Babcock International Group in a report on Tuesday, February 6th. Shore Capital reiterated a buy rating on shares of Babcock International Group in a report on Tuesday, February 6th. Morgan Stanley reiterated an overweight rating and set a GBX 975 ($13.67) target price on shares of Babcock International Group in a report on Monday, November 13th. Finally, Credit Suisse Group reiterated a neutral rating and set a GBX 925 ($12.97) target price on shares of Babcock International Group in a report on Thursday, November 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 967.92 ($13.57).
Babcock International Group (LON BAB) opened at GBX 646.40 ($9.06) on Wednesday. The company has a market capitalization of $3,270.00 and a P/E 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 Mike Turner purchased 9,500 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were bought at an average price of GBX 673 ($9.44) per share, for a total transaction of £63,935 ($89,645.26). Also, insider Myles Lee purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was bought at an average price of GBX 678 ($9.51) per share, for a total transaction of £33,900 ($47,532.25).
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.
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