Published On: Wed, Oct 19th, 2016

JP Morgan Cazenove Indicates Potential 44.58% Increase In Shares Of Babcock International Group PLC

On Wednesday JP Morgan Cazenove reiterated its broker consensus on shares of Babcock International Group PLC (LON:BAB) giving the company a ‘Overweight’ rating.

JP Morgan Cazenove gave shares of Babcock International Group PLC a price target of 1440 indicating a potential increase of 44.58% from Babcock International Group PLC’s current price of 996.


In the prior 12 months Babcock International Group PLC’s stock price has increased by 6.01% from 939.54 to 996.

Babcock International Group PLC has 503,915,000 shares in issue which have a share price of 996 giving Babcock International Group PLC a market capitalisation of 5.02B GBp .

The 52 week high of Babcock International Group PLC’s shares is 1112 whilst the 52 week low for the company’s shares is 780. The 50 day moving average of LON:BAB is 1055.72 and the 200 day moving average is 996.54.

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. The Marine and Technology segment delivers support to the United Kingdom Royal Navy’s submarines, naval ships and infrastructure. It also offers solutions in engineering, equipment management, consultancy, information and knowledge management in energy and commercial marine markets. The Defence and Security segment offers engineering and training support services. The Support Services segment delivers services to both public and private sector customers across three areas: civil nuclear, asset management and technical training. The International segment is engaged in developing its aviation emergency services business, Mission Critical Services (MCS).