Trade Report: Today, Babcock International Group PLC (BAB) Rating Reiterate by JPMorgan Chase & Co.

Today, Babcock International Group PLC (BAB) Rating Reiterate by JPMorgan Chase & Co.

Babcock International Group PLC (LON:BAB)‘s stock had its “overweight” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday. They currently have a GBX 1,440 ($17.99) price target on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 52.62% from the stock’s previous close.

A number of other research firms have also commented on BAB. Goldman Sachs Group Inc. restated a “conviction-buy” rating and issued a GBX 1,480 ($18.49) price objective on shares of Babcock International Group PLC in a research note on Thursday, September 8th. Shore Capital restated a “buy” rating on shares of Babcock International Group PLC in a research note on Thursday, September 29th. Credit Suisse Group AG restated a “neutral” rating and issued a GBX 1,080 ($13.49) price objective on shares of Babcock International Group PLC in a research note on Thursday, September 29th. Liberum Capital lifted their price objective on shares of Babcock International Group PLC from GBX 900 ($11.24) to GBX 1,050 ($13.12) and gave the company a “hold” rating in a research note on Thursday, September 29th. Finally, BNP Paribas restated a “neutral” rating and issued a GBX 1,050 ($13.12) price objective on shares of Babcock International Group PLC in a research note on Monday, September 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 1,174.08 ($14.67).

Babcock International Group PLC (LON:BAB) opened at 937.00 on Wednesday. Babcock International Group PLC has a 52 week low of GBX 780.00 and a 52 week high of GBX 1,112.00. The stock’s market capitalization is GBX 4.72 billion. The company has a 50-day moving average of GBX 988.03 and a 200-day moving average of GBX 1,000.56.

The firm also recently declared a dividend, which will be paid on Monday, January 16th. Shareholders of record on Thursday, December 8th will be issued a GBX 6.50 ($0.08) dividend. This represents a dividend yield of 0.69%. The ex-dividend date is Thursday, December 8th.

About Babcock International Group PLC

Babcock International Group PLC is a holding company. The Company is an engineering support services company. The Company offers support to the defense, energy, emergency services, transport and education sectors. Its segments include Marine and Technology, Defence and Security, Support Services and International.

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