Several other analysts also recently weighed in on BAB. Liberum Capital reaffirmed a buy rating on shares of Babcock International Group in a research note on Thursday, July 19th. Peel Hunt reaffirmed a hold rating on shares of Babcock International Group in a research note on Monday, July 30th. Numis Securities reaffirmed a buy rating on shares of Babcock International Group in a research note on Monday, September 3rd. Jefferies Financial Group cut their target price on Babcock International Group from GBX 1,260 ($16.46) to GBX 950 ($12.41) and set a buy rating on the stock in a research note on Monday, August 6th. Finally, JPMorgan Chase & Co. lowered their price target on Babcock International Group from GBX 1,365 ($17.84) to GBX 998 ($13.04) and set an overweight rating on the stock in a research report on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Babcock International Group presently has an average rating of Buy and a consensus target price of GBX 881.38 ($11.52).
Shares of Babcock International Group stock opened at GBX 591.20 ($7.73) on Friday. Babcock International Group has a 1-year low of GBX 604 ($7.89) and a 1-year high of GBX 1,030 ($13.46).
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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