Peel Hunt reissued their hold rating on shares of Babcock International Group (LON:BAB) in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports.

BAB has been the topic of several other research reports. Royal Bank of Canada reiterated a sector perform rating and set a GBX 550 ($7.19) price objective on shares of Babcock International Group in a report on Monday, June 17th. Stifel Nicolaus lowered shares of Babcock International Group to a hold rating and dropped their price objective for the company from GBX 650 ($8.49) to GBX 485 ($6.34) in a report on Thursday, May 23rd. JPMorgan Chase & Co. reiterated a neutral rating on shares of Babcock International Group in a report on Tuesday, June 18th. Goldman Sachs Group downgraded shares of Babcock International Group to a neutral rating and decreased their target price for the stock from GBX 850 ($11.11) to GBX 550 ($7.19) in a research report on Thursday, May 30th. Finally, Jefferies Financial Group decreased their target price on shares of Babcock International Group from GBX 900 ($11.76) to GBX 825 ($10.78) and set a buy rating for the company in a research report on Tuesday, May 28th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Babcock International Group presently has an average rating of Hold and a consensus price target of GBX 621.44 ($8.12).

Shares of LON BAB traded up GBX 20 ($0.26) during trading on Thursday, hitting GBX 563.60 ($7.36). 1,482,026 shares of the company traded hands, compared to its average volume of 2,170,000. The business’s fifty day moving average is GBX 481.25 and its 200 day moving average is GBX 493.84. Babcock International Group has a fifty-two week low of GBX 410.10 ($5.36) and a fifty-two week high of GBX 733.80 ($9.59). The firm has a market capitalization of $2.86 billion and a price-to-earnings ratio of 14.30. The company has a debt-to-equity ratio of 48.99, a quick ratio of 0.72 and a current ratio of 0.94.

In other news, insider Archie Bethel sold 13,466 shares of the business’s stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of GBX 480 ($6.27), for a total transaction of £64,636.80 ($84,459.43). Also, insider Ruth Cairnie bought 5,000 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were acquired at an average cost of GBX 443 ($5.79) per share, with a total value of £22,150 ($28,942.90).

Babcock International Group Company Profile

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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