Citigroup Trims Babylon (NYSE:BBLN) Target Price to $1.50

Babylon (NYSE:BBLN – Get Rating) had its price objective decreased by Citigroup from $5.00 to $1.50 in a report published on Friday, The Fly reports.

BBLN has been the topic of several other research reports. BTIG Research dropped their target price on shares of Babylon from $15.00 to $10.00 in a research report on Monday, April 25th. Berenberg Bank initiated coverage on shares of Babylon in a research report on Thursday, April 28th. They set a hold rating and a $5.50 target price on the stock. Canaccord Genuity Group dropped their target price on shares of Babylon from $14.00 to $8.00 and set a buy rating on the stock in a research report on Friday, March 11th. Finally, Zacks Investment Research raised shares of Babylon from a sell rating to a hold rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of $8.14.

Babylon stock opened at $1.21 on Friday. Babylon has a 52 week low of $1.07 and a 52 week high of $16.00. The business’s 50 day moving average price is $3.37. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.02.

A number of institutional investors have recently added to or reduced their stakes in BBLN. Wells Fargo & Company MN purchased a new stake in shares of Babylon during the fourth quarter worth $58,000. Mirabella Financial Services LLP purchased a new stake in shares of Babylon in the fourth quarter worth about $63,000. JPMorgan Chase & Co. bought a new position in shares of Babylon in the fourth quarter valued at approximately $63,000. Goldman Sachs Group Inc. bought a new stake in Babylon during the 4th quarter worth approximately $66,000. Finally, Penserra Capital Management LLC purchased a new position in shares of Babylon during the 4th quarter valued at $137,000.

Babylon Company Profile (Get Rating)

Babylon Holdings Limited operates as a digital healthcare company. It offers end-to-end care solution that facilities through its digital health suite, virtual care, in-person medical care, and post-care offerings. The company also provides Babylon Cloud services. It operates in the United Kingdom, the United States, the Asia Pacific, Canada, and internationally.

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