Analysts at Panmure Gordon raised their price objective on shares of Babcock International Group (LON: BAB) from GBX 1,050 ($15.86) to GBX 1,350 ($20.39) in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Panmure Gordon’s price objective would suggest a potential upside of 13.73% from the stock’s previous close.
A number of other firms have also recently commented on BAB. Analysts at Beaufort Securities downgraded shares of Babcock International Group from a “buy” rating to a “hold” rating in a research note to investors on Friday, July 12th. Separately, analysts at Numis Securities Ltd upgraded shares of Babcock International Group from a “hold” rating to a “buy” rating in a research note to investors on Thursday, July 11th. They now have a GBX 1,417 ($21.40) price target on the stock. Finally, analysts at Charles Stanley reiterated an “accumulate” rating on shares of Babcock International Group in a research note to investors on Thursday, July 11th.
Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Babcock International Group currently has an average rating of “Buy” and a consensus price target of GBX 1,246.30 ($18.82).
Babcock International Group (LON: BAB) opened at 1196.00 on Tuesday. Babcock International Group has a 1-year low of GBX 835.349 and a 1-year high of GBX 1225.00. The stock’s 50-day moving average is currently GBX 927.5. The company’s market cap is £4.294 billion.
Babcock International Group PLC is an engineering support services Company. The Company’s segments include Marine and Technology, Defence and Security, Support Services, and International.