Babcock International Group (LON:BAB) was downgraded by stock analysts at Peel Hunt to a “hold” rating in a research report issued to clients and investors on Wednesday, Digital Look reports. They presently have a GBX 461 ($6.02) price objective on the stock, down from their previous price objective of GBX 578 ($7.55). Peel Hunt’s price target would indicate a potential upside of 10.63% from the stock’s previous close.

A number of other research firms have also weighed in on BAB. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a research note on Wednesday. Numis Securities reissued a “buy” rating and set a GBX 780 ($10.19) price objective on shares of Babcock International Group in a research note on Tuesday, February 5th. Jefferies Financial Group lowered their price objective on Babcock International Group from GBX 950 ($12.41) to GBX 900 ($11.76) and set a “buy” rating on the stock in a research note on Tuesday, April 9th. JPMorgan Chase & Co. lowered their price objective on Babcock International Group from GBX 955 ($12.48) to GBX 772 ($10.09) and set an “overweight” rating on the stock in a research note on Thursday, March 28th. Finally, Liberum Capital restated a “buy” rating on shares of Babcock International Group in a research report on Tuesday, February 26th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Babcock International Group presently has a consensus rating of “Hold” and an average target price of GBX 680.89 ($8.90).

LON BAB opened at GBX 416.70 ($5.44) on Wednesday. The firm has a market cap of $2.10 billion and a price-to-earnings ratio of 8.77. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 58.28. Babcock International Group has a fifty-two week low of GBX 471.90 ($6.17) and a fifty-two week high of GBX 868 ($11.34).

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 delivers through-life marine engineering services, including 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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Analyst Recommendations for Babcock International Group (LON:BAB)

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