Babylon (NYSE:BBLN) PT Lowered to $11.00

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

Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC purchased a new stake in Babylon in the 1st quarter worth approximately $162,000. Goldman Sachs Group Inc. increased its stake in Babylon by 300.2% in the first quarter. Goldman Sachs Group Inc. now owns 45,500 shares of the company’s stock worth $177,000 after purchasing an additional 34,130 shares during the period. American International Group Inc. purchased a new position in shares of Babylon during the second quarter valued at $50,000. JPMorgan Chase & Co. increased its stake in shares of Babylon by 886.5% during the second quarter. JPMorgan Chase & Co. now owns 58,221 shares of the company’s stock valued at $57,000 after buying an additional 52,319 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Babylon by 312.1% during the second quarter. Millennium Management LLC now owns 60,986 shares of the company’s stock valued at $60,000 after buying an additional 46,186 shares during the period.

About Babylon

(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.