Babcock International Group (BAB) Stock Rating Reaffirmed by Peel Hunt

Babcock International Group (LON:BAB)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a report released on Tuesday, November 21st. They presently have a GBX 1,085 ($14.60) target price on the stock. Peel Hunt’s target price points to a potential upside of 60.03% from the company’s previous close.

BAB has been the topic of a number of other research reports. Credit Suisse Group decreased their target price on shares of Babcock International Group from GBX 1,030 ($13.86) to GBX 925 ($12.45) and set a “neutral” rating on the stock in a research report on Thursday, August 17th. Liberum Capital reiterated a “buy” rating on shares of Babcock International Group in a research report on Thursday, September 7th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 1,365 ($18.37) target price on shares of Babcock International Group in a research report on Thursday, September 21st. Morgan Stanley decreased their target price on shares of Babcock International Group from GBX 1,110 ($14.94) to GBX 975 ($13.12) and set an “overweight” rating on the stock in a research report on Thursday, September 28th. Finally, Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 1,010 ($13.59).

Babcock International Group (BAB) traded up GBX 1.50 ($0.02) during midday trading on Tuesday, hitting GBX 678 ($9.13). 2,839,751 shares of the stock were exchanged, compared to its average volume of 2,920,000. Babcock International Group has a 52 week low of GBX 657 ($8.84) and a 52 week high of GBX 1,030 ($13.86).

In other Babcock International Group news, insider Mike Turner acquired 9,500 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were acquired at an average price of GBX 673 ($9.06) per share, with a total value of £63,935 ($86,049.80).

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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.

Analyst Recommendations for Babcock International Group (LON:BAB)

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