Babcock International Group (LON:BAB)‘s stock had its “buy” rating reaffirmed by research analysts at Numis Securities in a research note issued to investors on Tuesday. They currently have a GBX 780 ($10.19) price target on the stock. Numis Securities’ target price suggests a potential upside of 44.61% from the company’s current price.
BAB has been the topic of a number of other reports. Peel Hunt raised shares of Babcock International Group to an “add” rating and raised their price target for the company from GBX 540 ($7.06) to GBX 578 ($7.55) in a research report on Tuesday, January 22nd. Goldman Sachs Group boosted their price objective on shares of Babcock International Group from GBX 800 ($10.45) to GBX 860 ($11.24) and gave the stock a “buy” rating in a report on Monday, January 21st. Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a report on Friday, January 18th. Liberum Capital restated a “buy” rating on shares of Babcock International Group in a report on Friday, November 30th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Babcock International Group from GBX 998 ($13.04) to GBX 981 ($12.82) and set an “overweight” rating on the stock in a research report on Thursday, November 22nd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 809.89 ($10.58).
Get Babcock International Group alerts:Shares of BAB opened at GBX 539.40 ($7.05) on Tuesday. Babcock International Group has a 52 week low of GBX 604 ($7.89) and a 52 week high of GBX 1,030 ($13.46).
Babcock International Group (LON:BAB) last issued its quarterly earnings data on Wednesday, November 21st. The company reported GBX 39.90 ($0.52) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 39.10 ($0.51) by GBX 0.80 ($0.01).
In other Babcock International Group news, insider Myles Lee purchased 7,500 shares of the company’s stock in a transaction dated Wednesday, November 21st. The shares were acquired at an average price of GBX 551 ($7.20) per share, for a total transaction of £41,325 ($53,998.43).
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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