Babcock International Group PLC’s “Buy” Rating Reaffirmed at Investec (BAB)
Babcock International Group PLC (LON:BAB)‘s stock had its “buy” rating reiterated by stock analysts at Investec in a note issued to investors on Tuesday. They currently have a GBX 1,377 ($23.43) price objective on the stock. Investec’s target price would indicate a potential upside of 19.74% from the company’s current price.
Shares of Babcock International Group PLC (LON:BAB) traded down 0.61% on Tuesday, hitting GBX 1150.00. The stock had a trading volume of 1,813,125 shares. Babcock International Group PLC has a one year low of GBX 1079.00 and a one year high of GBX 1301.392. The stock’s 50-day moving average is GBX 1209. and its 200-day moving average is GBX 1320.. The company’s market cap is £4.150 billion.
The company also recently declared a dividend, which is scheduled for Tuesday, August 12th. Shareholders 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.
BAB has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “sell” rating on shares of Babcock International Group PLC in a research note on Friday, June 13th. They now have a GBX 1,064 ($18.11) price target on the stock. Separately, analysts at Charles Stanley cut their price target on shares of Babcock International Group PLC from GBX 1,320 ($22.46) to GBX 1,280 ($21.78) in a research note on Wednesday, June 11th. They now have a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of Babcock International Group PLC from GBX 1,320 ($22.46) to GBX 1,280 ($21.78) in a research note on Wednesday, June 11th. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Babcock International Group PLC currently has a consensus rating of “Buy” and an average price target of GBX 1,393.50 ($23.72).
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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