Today’s Rating Alert: Babcock International Group PLC (LON:BAB) Investors: JP Morgan Cazenove Reaffirms “Overweight” Rating, Sees GBX 1440.00/Share

November 23, 2016 - By Vivian Park

Babcock International Group PLC (LON:BAB) Rating

In a research note revealed to investors on Wednesday, 23 November, Babcock International Group PLC (LON:BAB) stock had its “Overweight” Rating kept by professional analysts at JP Morgan Cazenove. They currently have a GBX 1440.00 target price on firm. JP Morgan Cazenove’s target indicates a potential upside of 52.91% from the company’s previous stock close.

Babcock International Group PLC (LON:BAB) Ratings Coverage

Out of 18 analysts covering Babcock International Group PLC (LON:BAB), 13 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 72% are positive. GBX 1500 is the highest target while GBX 850 is the lowest. The GBX 1213.81 average target is 27.77% above today’s (GBX 950) stock price. Babcock International Group PLC has been the topic of 98 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Shore Capital maintained the shares of BAB in a report on Wednesday, February 17 with “Buy” rating. Deutsche Bank maintained the stock with “Buy” rating in Friday, July 31 report. The stock has “Buy” rating given by Deutsche Bank on Wednesday, April 6. The stock has “Overweight” rating given by JP Morgan on Monday, October 3. The stock of Babcock International Group PLC (LON:BAB) earned “Buy” rating by Peel Hunt on Tuesday, November 24. The firm has “Neutral” rating by BNP Paribas given on Monday, August 1. The company was maintained on Wednesday, November 23 by JP Morgan. The stock has “Neutral” rating given by BNP Paribas on Monday, August 15. Liberum Capital maintained the shares of BAB in a report on Tuesday, October 20 with “Sell” rating. As per Monday, August 10, the company rating was maintained by Credit Suisse.

About 478,368 shares traded hands. Babcock International Group PLC (LON:BAB) has declined 1.46% since April 26, 2016 and is downtrending. It has underperformed by 6.79% the S&P500.

Babcock International Group PLC is a holding company. The company has a market cap of 4.80 billion GBP. The Firm is an engineering support services company. It has a 16.71 P/E ratio. The Firm offers support to the defense, energy, emergency services, transport and education sectors.

Another recent and important Babcock International Group PLC (LON:BAB) news was published by Fool.Co.Uk which published an article titled: “Why I Would Buy Babcock International Group PLC But Sell WM Morrison …” on May 18, 2015.

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