Babcock International Group (LON:BAB) Stock Rating Reaffirmed by JPMorgan Chase & Co.

Babcock International Group (LON:BAB)‘s stock had its “overweight” rating reissued by equities research analysts at JPMorgan Chase & Co. in a research report issued on Wednesday, February 7th. They presently have a GBX 1,365 ($18.86) price target on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 111.63% from the company’s previous close.

A number of other analysts have also recently weighed in on BAB. Peel Hunt reissued a “hold” rating and set a GBX 785 ($10.85) target price on shares of Babcock International Group in a report on Tuesday, February 6th. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a report on Friday, November 17th. Liberum Capital reissued a “buy” rating and set a GBX 1,100 ($15.20) target price on shares of Babcock International Group in a report on Tuesday, February 6th. Morgan Stanley reissued an “overweight” rating and set a GBX 975 ($13.47) target price on shares of Babcock International Group in a report on Monday, November 13th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 925 ($12.78) price objective on shares of Babcock International Group in a report on Thursday, November 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Babcock International Group currently has an average rating of “Hold” and an average target price of GBX 967.92 ($13.37).

Shares of Babcock International Group (LON:BAB) opened at GBX 645 ($8.91) on Wednesday. The firm has a market cap of $3,260.00 and a price-to-earnings ratio of 1,007.81. Babcock International Group has a twelve month low of GBX 604 ($8.34) and a twelve month high of GBX 1,030 ($14.23).

In related news, insider Mike Turner bought 9,500 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was purchased at an average price of GBX 673 ($9.30) per share, for a total transaction of £63,935 ($88,332.41). Also, insider Myles Lee bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was bought at an average price of GBX 678 ($9.37) per share, with a total value of £33,900 ($46,836.14).

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About Babcock International Group

Babcock International Group PLC is a holding company. The Company provides engineering services. 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.

Analyst Recommendations for Babcock International Group (LON:BAB)

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