Babcock International Group (LON:BAB) PT Lowered to GBX 750

Babcock International Group (LON:BAB) had its target price cut by Credit Suisse Group from GBX 925 ($12.54) to GBX 750 ($10.17) in a research report issued on Wednesday, January 3rd. The brokerage currently has a “neutral” rating on the stock. Credit Suisse Group’s price objective indicates a potential upside of 4.17% from the company’s previous close.

Several other analysts have also recently issued reports on the company. Citigroup reiterated a “sell” rating and issued a GBX 660 ($8.95) price objective on shares of Babcock International Group in a research note on Wednesday, November 22nd. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,100 ($14.92) price objective on shares of Babcock International Group in a report on Monday, December 18th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,365 ($18.51) target price on shares of Babcock International Group in a research note on Wednesday, November 8th. Panmure Gordon restated a “buy” rating and issued a GBX 1,000 ($13.56) price objective on shares of Babcock International Group in a research report on Tuesday, November 21st. Finally, Peel Hunt restated a “buy” rating and issued a GBX 1,085 ($14.71) price objective on shares of Babcock International Group in a research report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 963.73 ($13.07).

Babcock International Group (LON BAB) opened at GBX 720 ($9.76) on Wednesday. The stock has a market capitalization of $3,640.00 and a PE ratio of 1,125.00. Babcock International Group has a fifty-two week low of GBX 651 ($8.83) and a fifty-two week high of GBX 1,030 ($13.97).

In related news, insider Myles Lee purchased 5,000 shares of Babcock International Group stock in a transaction dated Wednesday, December 6th. The stock was bought at an average cost of GBX 678 ($9.19) per share, for a total transaction of £33,900 ($45,972.34). Also, insider Mike Turner purchased 9,500 shares of Babcock International Group stock in a transaction dated Monday, November 27th. The shares were bought at an average price of GBX 673 ($9.13) per share, with a total value of £63,935 ($86,703.28).

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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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