Liberum Capital reiterated their buy rating on shares of Babcock International Group (LON:BAB) in a research note released on Thursday, ThisIsMoney.Co.Uk reports.
Other research analysts also recently issued research reports about the company. Jefferies Financial Group lowered their price target on Babcock International Group from GBX 900 ($11.76) to GBX 825 ($10.78) and set a buy rating on the stock in a report on Tuesday, May 28th. Stifel Nicolaus downgraded Babcock International Group to a hold rating and lowered their price target for the company from GBX 650 ($8.49) to GBX 485 ($6.34) in a report on Thursday, May 23rd. Numis Securities downgraded Babcock International Group to an add rating in a report on Friday, June 14th. Royal Bank of Canada reissued a sector perform rating and set a GBX 550 ($7.19) price objective on shares of Babcock International Group in a research report on Monday, June 17th. Finally, Shore Capital reissued a buy rating on shares of Babcock International Group in a research report on Thursday, June 6th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 621.44 ($8.12).
Shares of BAB stock traded up GBX 20 ($0.26) on Thursday, reaching GBX 563.60 ($7.36). 1,482,026 shares of the company’s stock traded hands, compared to its average volume of 2,170,000. Babcock International Group has a 12-month low of GBX 410.10 ($5.36) and a 12-month high of GBX 733.80 ($9.59). The company has a debt-to-equity ratio of 48.99, a quick ratio of 0.72 and a current ratio of 0.94. The company has a market capitalization of $2.86 billion and a P/E ratio of 14.30. The business’s 50 day moving average price is GBX 481.25 and its two-hundred day moving average price is GBX 493.84.
In other Babcock International Group news, insider Archie Bethel sold 13,466 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of GBX 480 ($6.27), for a total value of £64,636.80 ($84,459.43). Also, insider Ruth Cairnie purchased 5,000 shares of Babcock International Group stock in a transaction on Monday, July 8th. The stock was bought at an average cost of GBX 443 ($5.79) per share, with a total value of £22,150 ($28,942.90).
About Babcock International Group
Babcock International Group PLC, together with its subsidiaries, provides engineering services for marine, land, aviation, and nuclear sectors in the United Kingdom and internationally. The company delivers through-life marine engineering services, including supporting naval fleets, commercial marine, engineering consultancy, weapons handling, equipment support, intelligence and cyber-security, and technical training to defense and civil customers.
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