Published On: Sun, Sep 18th, 2016

Babcock International Group PLC (BAB) Rating Reiterated by BNP Paribas

Babcock International Group PLC (LON:BAB)‘s stock had its “neutral” rating reissued by investment analysts at BNP Paribas in a research note issued to investors on Monday. They presently have a GBX 1,050 ($13.99) price target on the stock. BNP Paribas’ price objective points to a potential downside of 3.58% from the stock’s previous close.
BAB has been the subject of several other research reports. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,427 ($19.01) price objective on shares of Babcock International Group PLC in a report on Thursday, June 23rd. Credit Suisse Group AG reissued a “neutral” rating and issued a GBX 950 ($12.65) price objective (down previously from GBX 1,250 ($16.65)) on shares of Babcock International Group PLC in a report on Tuesday, June 28th. Liberum Capital reissued a “hold” rating and issued a GBX 1,000 ($13.32) price objective on shares of Babcock International Group PLC in a report on Thursday, July 21st. Deutsche Bank AG reissued a “buy” rating and issued a GBX 1,135 ($15.12) price objective on shares of Babcock International Group PLC in a report on Thursday, May 26th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 1,121 ($14.93) price objective on shares of Babcock International Group PLC in a report on Tuesday, May 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 1,160.08 ($15.45).
Shares of Babcock International Group PLC (LON:BAB) traded down 0.91% during midday trading on Monday, hitting GBX 1089.00. 1,483,320 shares of the stock traded hands. The stock has a 50 day moving average of GBX 1,031.26 and a 200 day moving average of GBX 981.29. Babcock International Group PLC has a 1-year low of GBX 780.00 and a 1-year high of GBX 1,112.00. The company’s market capitalization is GBX 5.49 billion.

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In related news, insider Bethel,Archie sold 35,667 shares of the firm’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of GBX 997 ($13.28), for a total value of £355,599.99 ($473,628.12). Also, insider Hardy,Roger purchased 10,417 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was bought at an average price of GBX 965 ($12.85) per share, for a total transaction of £100,524.05 ($133,889.25).
About Babcock International Group PLC
Babcock International Group PLC is a United Kingdom-based engineering support services company, which delivers complex and critical support to the defense, emergency services, energy, transport and education sectors, both in the United Kingdom and overseas. The Company is a supplier to all three of the United Kingdom’s armed forces, providing through-life support for naval and land fleets, technical training and asset management through its Marine & Technology and Defense and Security divisions.

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