Babcock International Group (BAB) Downgraded to Hold at Peel Hunt
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).
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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