Liberum Capital Trims Babcock International Group (LON:BAB) Target Price to GBX 500

Babcock International Group (LON:BAB) had its price objective lowered by Liberum Capital from GBX 720 ($9.47) to GBX 500 ($6.58) in a research note released on Tuesday, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.

BAB has been the subject of a number of other reports. JPMorgan Chase & Co. lowered their price target on Babcock International Group from GBX 557 ($7.33) to GBX 549 ($7.22) and set a neutral rating for the company in a research report on Thursday, February 13th. Peel Hunt restated an add rating and issued a GBX 668 ($8.79) price objective on shares of Babcock International Group in a research note on Wednesday, February 12th. Goldman Sachs Group reduced their price objective on Babcock International Group from GBX 700 ($9.21) to GBX 670 ($8.81) and set a neutral rating for the company in a research note on Tuesday, February 25th. Peel Hunt restated an add rating and issued a GBX 668 ($8.79) price objective on shares of Babcock International Group in a research note on Monday, February 10th. Finally, Shore Capital restated a buy rating on shares of Babcock International Group in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 587 ($7.72).

LON BAB opened at GBX 387.40 ($5.10) on Tuesday. The firm has a market capitalization of $1.95 billion and a P/E ratio of 7.24. The business has a fifty day simple moving average of GBX 441.50 and a 200 day simple moving average of GBX 542.36. Babcock International Group has a 12 month low of GBX 296.53 ($3.90) and a 12 month high of GBX 659.80 ($8.68). The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 85.12.

In other news, insider Ruth Cairnie purchased 10,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was bought at an average price of GBX 319 ($4.20) per share, for a total transaction of £31,900 ($41,962.64). Also, insider Myles Lee purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average price of GBX 534 ($7.02) per share, with a total value of £26,700 ($35,122.34).

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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Analyst Recommendations for Babcock International Group (LON:BAB)

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