Babcock International Group (LON:BAB) Falls out of Favor With Citigroup As They Decide to Downgrade It


Babcock International Group (LON:BAB) Receives a Downgrade

London-listed Babcock International Group (LON:BAB), was lowered by research professionals at Citigroup who lowered their rating on the 5.33 billion GBP market cap firm to a “Sell”, but decided to stick with their target PPS of GBX 1000.00 on BAB shares.

From a total of 15 analysts covering Babcock International Group PLC (LON:BAB) stock, 13 rate it a ”Buy”, 2 a “Sell”, and 2 a ”Hold”. This means that 76% of the ratings are positive. The highest target price is GBX 1480 while the lowest target price is GBX 900. The mean of all analyst targets is GBX 1191.8 with a 15.34% above today’s (GBX 1054.2) stock price. Babcock International Group PLC was the topic of 34 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Citigroup downgraded shares on December 1 to “Sell” rating. Deutsche Bank maintained shares with “Buy” rating and GBX 1135 target share price in a report from a November 25. Jefferies maintained BAB stock in a recent report from November 25 with “Buy” rating. Panmure Gordon maintained the rating on November 24. Panmure Gordon has a “Buy” rating and a GBX 1108 price target on shares. Finally, BNP Paribas downgraded the stock to “Underperform” rating in a report issued on a November 25.

The stock decreased 1.57% or GBX 16.8 on December 1, striking GBX 1054.2. Approximately 2.10M shares of stock traded hands or 114.09% up from the average. Babcock International Group PLC (LON:BAB) has risen 6.89% since May 4, 2015 and is uptrending. It has outperformed by 8.51% the S&P500.

 Babcock International Group (LON:BAB) Falls out of Favor With Citigroup As They Decide to Downgrade It

Babcock International Group PLC is a United Kingdom holding firm for the Babcock International Group of companies. The company has a market cap of 5.33 billion GBP. The Firm is an engineering support services company. It has 19.46 P/E ratio. The Firm offers support to the defense, energy, emergency services, transport and education sectors.