Babcock International Group PLC Stock Rating Reaffirmed by Jefferies Group (BAB)
Babcock International Group PLC (LON:BAB)‘s stock had its “buy” rating restated by Jefferies Group in a research note issued on Tuesday. They currently have a GBX 1,450 ($24.39) price target on the stock. Jefferies Group’s target price would indicate a potential upside of 23.09% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “buy” rating on shares of Babcock International Group PLC in a research note on Monday. They now have a GBX 1,377 ($23.16) price target on the stock. Separately, analysts at Liberum Capital reiterated a “sell” rating on shares of Babcock International Group PLC in a research note on Friday. They now have a GBX 1,065 ($17.91) price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Babcock International Group PLC in a research note on Tuesday, May 13th. They set an “outperform” rating and a GBX 1,350 ($22.71) price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Babcock International Group PLC has an average rating of “Buy” and a consensus price target of GBX 1,418.57 ($23.86).
Babcock International Group PLC (LON:BAB) traded up 1.44% during mid-day trading on Tuesday, hitting GBX 1195.00. The stock had a trading volume of 1,314,035 shares. Babcock International Group PLC has a 1-year low of GBX 946.066 and a 1-year high of GBX 1301.392. The stock’s 50-day moving average is GBX 1274. and its 200-day moving average is GBX 1337.. The company’s market cap is £4.297 billion.
The company also recently announced a dividend, which is scheduled for Tuesday, August 12th. Investors of record on Wednesday, July 2nd will be paid a dividend of GBX 16.40 ($0.28) per share. This represents a dividend yield of 1.39%. The ex-dividend date is Wednesday, July 2nd.
Babcock International Group PLC is a holding company. The Company’s segments include Marine and Technology, Defence and Security, Support Services, and International.
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