Babcock International Group (LON:BAB) Stock Rating Reaffirmed by Goldman Sachs Group

Babcock International Group (LON:BAB)‘s stock had its “buy” rating reaffirmed by stock analysts at Goldman Sachs Group in a note issued to investors on Thursday, November 30th. They currently have a GBX 920 ($12.38) price target on the stock, down from their previous price target of GBX 1,330 ($17.90). Goldman Sachs Group’s price target indicates a potential upside of 35.99% from the company’s previous close.

Several other brokerages also recently weighed in on BAB. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,100 ($14.80) target price on shares of Babcock International Group in a report on Tuesday, November 21st. Credit Suisse Group reissued a “neutral” rating and set a GBX 925 ($12.45) price objective on shares of Babcock International Group in a report on Thursday, November 23rd. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 1,365 ($18.37) price objective on shares of Babcock International Group in a report on Wednesday, November 8th. Peel Hunt reissued a “buy” rating and set a GBX 1,085 ($14.60) price objective on shares of Babcock International Group in a report on Tuesday, November 14th. Finally, Citigroup reissued a “sell” rating and set a GBX 660 ($8.88) price objective on shares of Babcock International Group in a report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 1,010 ($13.59).

Shares of Babcock International Group (LON BAB) opened at GBX 676.50 ($9.10) on Thursday. Babcock International Group has a 1 year low of GBX 651 ($8.76) and a 1 year high of GBX 1,030 ($13.86).

In other Babcock International Group news, insider Myles Lee bought 5,000 shares of Babcock International Group stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average price of GBX 678 ($9.13) per share, with a total value of £33,900 ($45,625.84). Also, insider Mike Turner bought 9,500 shares of Babcock International Group stock in a transaction that occurred on Monday, November 27th. The shares were acquired at an average cost of GBX 673 ($9.06) per share, with a total value of £63,935 ($86,049.80).

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About Babcock International Group

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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