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Goldman Sachs issues neutral rating on Babcock International with 1,000p price target

Investing.com +1 ·

GS Goldman Sachs Group Inc
$882.59 -0.52%
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  1. 1Goldman Sachs has issued a neutral rating on Babcock International with a 12-month price target of 1,000p.
  2. 2Babcock's order backlog of 9.76 billion pounds at the end of fiscal year 2026 decreased from 10.42 billion pounds the previous year.
  3. 3Civil nuclear power offers the clearest upside opportunity beyond the base case, while execution of existing contracts is identified as a key downside risk.

So what's the key point?

Goldman Sachs has taken a neutral stance on Babcock International. Caution is advised as the amount of future work has decreased to 9.76 billion pounds.

Source Investing.com +1 · View original ↗

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