Broker Recommendations
Broker tips: Babcock, Close Brothers, XP Power
By Iain Gilbert
Date: Monday 18 Aug 2025
(Sharecast News) - RBC Capital Markets initiated coverage of Babcock on Monday with an 'outperform' rating and 1,200p price target.
The Canadian bank said Babcock is a significantly better-quality business 4.5 years into a turnaround, but its 5x PE (NTM) discount versus the European defence sector fails to capture this.
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