Babcock International Group PLC Given “Outperform” Rating at Credit Suisse (BAB)
Babcock International Group PLC (LON:BAB)‘s stock had its “outperform” rating reiterated by stock analysts at Credit Suisse in a report issued on Monday. They currently have a GBX 1,350 ($22.99) price target on the stock. Credit Suisse’s price target indicates a potential upside of 16.48% from the company’s current price.
BAB has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Babcock International Group PLC in a research note on Thursday. They now have a GBX 1,450 ($24.70) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Babcock International Group PLC in a research note on Wednesday, June 25th. Finally, analysts at Investec reiterated a “buy” rating on shares of Babcock International Group PLC in a research note on Tuesday, June 24th. They now have a GBX 1,377 ($23.45) price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued 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 a consensus target price of GBX 1,393.50 ($23.74).
Babcock International Group PLC (LON:BAB) opened at 1154.50 on Monday. Babcock International Group PLC has a 52 week low of GBX 951.356 and a 52 week high of GBX 1301.392. The stock has a 50-day moving average of GBX 1204.81 and a 200-day moving average of GBX 1317.. The company’s market cap is £4.167 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.
Babcock International Group PLC is a holding company. The Company’s segments include Marine and Technology, Defence and Security, Support Services, and International.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.