Babcock International Group (LON:BAB) Rating Reiterated by Liberum Capital

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Liberum Capital reaffirmed their buy rating on shares of Babcock International Group (LON:BAB) in a report published on Thursday morning, ThisIsMoney.Co.Uk reports.

A number of other research firms have also recently weighed in on BAB. Numis Securities cut Babcock International Group to an add rating in a report on Friday, June 14th. Stifel Nicolaus cut Babcock International Group to a hold rating and lowered their price target for the stock from GBX 650 ($8.49) to GBX 485 ($6.34) in a report on Thursday, May 23rd. cut Babcock International Group to a hold rating and lowered their price target for the stock from GBX 650 ($8.49) to GBX 485 ($6.34) in a report on Thursday, May 23rd. Jefferies Financial Group lowered their price target on Babcock International Group from GBX 900 ($11.76) to GBX 825 ($10.78) and set a buy rating on the stock in a report on Tuesday, May 28th. Finally, Goldman Sachs Group cut Babcock International Group to a neutral rating and lowered their price target for the stock from GBX 850 ($11.11) to GBX 550 ($7.19) in a report on Thursday, May 30th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 621.44 ($8.12).

BAB opened at GBX 557.87 ($7.29) on Thursday. The stock has a market cap of $2.82 billion and a P/E ratio of 14.16. The company has a debt-to-equity ratio of 48.99, a current ratio of 0.94 and a quick ratio of 0.72. The stock’s 50 day simple moving average is GBX 483.65 and its 200 day simple moving average is GBX 493.86. Babcock International Group has a 1-year low of GBX 410.10 ($5.36) and a 1-year high of GBX 733.80 ($9.59).

In related news, insider Archie Bethel sold 13,466 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of GBX 480 ($6.27), for a total value of £64,636.80 ($84,459.43). Also, insider Ruth Cairnie bought 5,000 shares of Babcock International Group stock in a transaction that occurred on Monday, July 8th. The stock was bought at an average cost of GBX 443 ($5.79) per share, for a total transaction 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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