Liberum Capital Reiterates “Sell” Rating for Babcock International Group PLC (BAB)
Babcock International Group PLC (LON:BAB)‘s stock had its “sell” rating restated by equities research analysts at Liberum Capital in a research note issued to investors on Friday. They currently have a GBX 1,064 ($17.89) price target on the stock. Liberum Capital’s price target would suggest a potential downside of 11.99% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Charles Stanley cut their price target on shares of Babcock International Group PLC from GBX 1,320 ($22.19) to GBX 1,280 ($21.52) in a research note on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Citigroup Inc. cut their price target on shares of Babcock International Group PLC from GBX 1,320 ($22.19) to GBX 1,280 ($21.52) in a research note on Wednesday. They now have a “neutral” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Babcock International Group PLC in a research note on Tuesday. They now have a GBX 1,450 ($24.38) price target on the stock. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of GBX 1,393.50 ($23.43).
Shares of Babcock International Group PLC (LON:BAB) traded down 0.74% during mid-day trading on Friday, hitting GBX 1209.00. 1,447,022 shares of the company’s stock traded hands. Babcock International Group PLC has a 52 week low of GBX 946.066 and a 52 week high of GBX 1301.392. The stock’s 50-day moving average is GBX 1214. and its 200-day moving average is GBX 1325.81. The company’s market cap is £4.364 billion.
The company also recently declared a dividend, which is scheduled for Tuesday, August 12th. Stockholders of record on Wednesday, July 2nd will be given a dividend of GBX 16.40 ($0.28) per share. This represents a yield of 1.39%. The ex-dividend date of this dividend 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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