Investec Reiterates “Buy” Rating for Babcock International Group PLC (BAB)
Babcock International Group PLC (LON:BAB)‘s stock had its “buy” rating reiterated by research analysts at Investec in a report released on Tuesday. They currently have a GBX 1,377 ($23.15) target price on the stock. Investec’s target price would indicate a potential upside of 12.32% from the stock’s previous close.
A number of other analysts have also recently weighed in on BAB. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Babcock International Group PLC in a research note on Tuesday. Separately, analysts at Berenberg Bank cut their price target on shares of Babcock International Group PLC from GBX 1,540 ($25.89) to GBX 1,510 ($25.39) in a research note on Wednesday, May 21st. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Babcock International Group PLC in a research note on Tuesday, May 20th. They now have a GBX 1,450 ($24.38) price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 1,419.23 ($23.86).
Babcock International Group PLC (LON:BAB) opened at 1223.00 on Tuesday. Babcock International Group PLC has a 1-year low of GBX 946.066 and a 1-year high of GBX 1301.392. The stock has a 50-day moving average of GBX 1213. and a 200-day moving average of GBX 1328.. The company’s market cap is £4.415 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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