Babcock International Group (LON:BAB – Get Free Report) was upgraded by investment analysts at Barclays to an “overweight” rating in a research report issued to clients and investors on Friday, MarketBeat.com reports. The brokerage currently has a GBX 529 ($6.50) target price on the stock, up from their prior target price of GBX 325 ($3.99). Barclays‘s price target points to a potential upside of 30.42% from the company’s previous close.
BAB has been the subject of several other research reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 450 ($5.53) price target on shares of Babcock International Group in a research report on Tuesday, November 14th. Shore Capital reaffirmed a “buy” rating on shares of Babcock International Group in a research report on Tuesday, November 14th. Bank of America began coverage on Babcock International Group in a research report on Monday, September 11th. They issued a “buy” rating and a GBX 585 ($7.18) price target for the company. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 550 ($6.75) price target on shares of Babcock International Group in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Babcock International Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 492.67 ($6.05).
Babcock International Group Stock Performance
Babcock International Group Company Profile
Babcock International Group PLC, together with its subsidiaries, provides value-add services for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally. The company operates through four segments: Marine, Nuclear, Land, and Aviation.
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