Babcock International (BAB) Stock Rating Reaffirmed by Peel Hunt
Babcock International (LON:BAB)‘s stock had its “hold” rating reissued by research analysts at Peel Hunt in a report issued on Friday.
BAB has been the subject of a number of other reports. Liberum Capital restated a “buy” rating and set a GBX 1,100 ($14.76) price objective on shares of Babcock International in a report on Wednesday, April 11th. Royal Bank of Canada restated an “outperform” rating and set a GBX 1,000 ($13.42) price objective on shares of Babcock International in a report on Friday, April 13th. Deutsche Bank dropped their price objective on Babcock International from GBX 1,020 ($13.69) to GBX 740 ($9.93) and set a “hold” rating for the company in a report on Monday, May 21st. BNP Paribas dropped their price objective on Babcock International from GBX 975 ($13.08) to GBX 800 ($10.73) and set a “neutral” rating for the company in a report on Thursday, April 5th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,365 ($18.31) price objective on shares of Babcock International in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Babcock International currently has a consensus rating of “Hold” and an average target price of GBX 908.33 ($12.19).
BAB stock opened at GBX 833 ($11.18) on Friday. Babcock International has a 52 week low of GBX 604 ($8.10) and a 52 week high of GBX 1,030 ($13.82).
Babcock International Company Profile
Babcock International Group PLC, together with its subsidiaries, provides engineering support services for defense, marine, aviation, and nuclear sectors. It operates through Marine and Technology, Defence and Security, Support Services, and International divisions. The company delivers through-life marine engineering services ranging from supporting naval fleets, commercial marine, engineering consultancy, weapons handling, equipment support, intelligence and cyber-security, and technical training to defense and civil customers.
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