Brokerages Set Babcock International Group PLC (BAB) Price Target at $1,123.91

Brokerages Set Babcock International Group PLC (BAB) Price Target at $1,123.91

Shares of Babcock International Group PLC (LON:BAB) have received a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 1,123.91 ($13.74).

Several brokerages have recently commented on BAB. Deutsche Bank AG reissued a “buy” rating on shares of Babcock International Group PLC in a research note on Thursday, November 24th. Shore Capital reissued a “buy” rating on shares of Babcock International Group PLC in a research note on Wednesday. Peel Hunt decreased their price target on Babcock International Group PLC from GBX 1,121 ($13.71) to GBX 1,117 ($13.66) and set a “buy” rating on the stock in a research note on Wednesday, December 14th. Jefferies Group LLC decreased their price target on Babcock International Group PLC from GBX 1,330 ($16.26) to GBX 1,280 ($15.65) and set a “buy” rating on the stock in a research note on Monday, November 28th. Finally, BNP Paribas reissued a “neutral” rating and set a GBX 1,050 ($12.84) price target on shares of Babcock International Group PLC in a research note on Monday, December 5th.

Babcock International Group PLC (LON:BAB) opened at 924.50 on Thursday. Babcock International Group PLC has a 52-week low of GBX 780.00 and a 52-week high of GBX 1,112.00. The stock’s market capitalization is GBX 4.66 billion. The stock’s 50 day moving average price is GBX 900.11 and its 200 day moving average price is GBX 967.84.

Babcock International Group PLC Company Profile

Babcock International Group PLC is a holding company. The Company is an engineering support services company. The Company offers support to the defense, energy, emergency services, transport and education sectors. Its segments include Marine and Technology, Defence and Security, Support Services and International.

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