According to an update released by analysts at JP Morgan the broker has now set a ‘Overweight’ rating on shares of Babcock International (LON:BAB) with a price target of 1440.
JP Morgan on Wednesday reiterated Babcock International’s analyst rating as ‘Overweight’ with its price target of 1440 highlighting a potential increase of 44.58% from Babcock International’s current price of 996.
Over the last twelve months Babcock International’s stock price has increased from 939.54 to 996, a change of 6.01%.
Babcock International has 503,915,000 shares in issue which have a share price of 996 giving Babcock International a market capitalisation of 5.02B GBp.
The company has a 50 day moving average of 1055.72 and a 200 day moving average of 996.54. The 52 week high shares of Babcock International have reached is 1112 whilst the 52 week low for the company’s shares is 780.
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).