Babylon (NYSE:BBLN – Get Rating) had its price objective dropped by Citigroup from $15.00 to $11.00 in a research note issued to investors on Friday, The Fly reports. Citigroup’s price objective would indicate a potential upside of 35.47% from the company’s current price.
A number of other equities analysts have also commented on BBLN. Canaccord Genuity Group cut their price objective on shares of Babylon from $100.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, November 11th. Canaccord Genuity Group lowered their price objective on shares of Babylon from $100.00 to $50.00 and set a “buy” rating for the company in a report on Friday, November 11th. Finally, BTIG Research boosted their price objective on shares of Babylon to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Babylon has an average rating of “Moderate Buy” and an average price target of $53.08.
Babylon Stock Down 18.1 %
BBLN opened at $8.12 on Friday. The company has a market capitalization of $17.09 million, a price-to-earnings ratio of -0.31 and a beta of 2.57. The firm has a 50-day moving average price of $10.20 and a 200-day moving average price of $12.01. Babylon has a twelve month low of $6.31 and a twelve month high of $123.00.
Institutional Trading of Babylon
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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