Shore Capital Reaffirms Hold Rating for Babcock International Group (LON:BAB)

Shore Capital reissued their hold rating on shares of Babcock International Group (LON:BABGet Rating) in a research note issued to investors on Tuesday, Marketbeat reports.

A number of other research analysts also recently issued reports on BAB. Barclays decreased their price target on Babcock International Group from GBX 358 ($4.23) to GBX 325 ($3.84) and set an equal weight rating for the company in a report on Thursday, October 6th. JPMorgan Chase & Co. decreased their price target on Babcock International Group from GBX 510 ($6.03) to GBX 475 ($5.62) and set an overweight rating for the company in a report on Monday, November 7th. Finally, Berenberg Bank reissued a buy rating and issued a GBX 425 ($5.03) price target on shares of Babcock International Group in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of GBX 392.80 ($4.64).

Babcock International Group Price Performance

Shares of LON BAB opened at GBX 300.40 ($3.55) on Tuesday. The business’s 50 day moving average price is GBX 288.52 and its 200 day moving average price is GBX 314.72. The firm has a market cap of £1.52 billion and a P/E ratio of 966.25. Babcock International Group has a 52 week low of GBX 262.20 ($3.10) and a 52 week high of GBX 371.40 ($4.39). The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 305.80.

Babcock International Group Company Profile

(Get Rating)

Babcock International Group PLC, together with its subsidiaries, provides value-add services for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally. The company operates through four segments: Marine, Nuclear, Land, and Aviation.

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Analyst Recommendations for Babcock International Group (LON:BAB)

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