MIDAS VERDICT:

Babcock has had a choppy time in recent years. Midas tipped the shares at £5.96 back in 2010, and shareholders would have done well to sell out in 2013 after that, when they topped £12. At £3.07 this week, they’re worth looking at again. JPMorgan has just raised its price target on the stock to £4.60 from £4. Buy.