Babcock International Group PLC (BAB) Stock Rating Reaffirmed by Peel Hunt
Babcock International Group PLC (LON:BAB)‘s stock had its “buy” rating reaffirmed by research analysts at Peel Hunt in a research note issued on Wednesday. They presently have a GBX 1,085 ($14.11) target price on the stock. Peel Hunt’s price objective points to a potential upside of 13.08% from the company’s current price.
Other equities analysts have also issued research reports about the company. Liberum Capital upped their price target on Babcock International Group PLC from GBX 960 ($12.49) to GBX 1,100 ($14.31) and gave the company a “buy” rating in a research note on Wednesday. Shore Capital reaffirmed a “buy” rating on shares of Babcock International Group PLC in a research note on Monday, April 3rd. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 1,020 ($13.27) price target on shares of Babcock International Group PLC in a research note on Monday, February 13th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 1,020 ($13.27) price target on shares of Babcock International Group PLC in a research note on Tuesday. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,440 ($18.73) price target on shares of Babcock International Group PLC in a research note on Tuesday, March 28th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 1,175.30 ($15.29).
Babcock International Group PLC (LON:BAB) traded down 1.03% during mid-day trading on Wednesday, hitting GBX 959.50. The stock had a trading volume of 5,780,945 shares. The firm’s 50-day moving average price is GBX 903.59 and its 200 day moving average price is GBX 920.65. The company’s market cap is GBX 4.84 billion. Babcock International Group PLC has a one year low of GBX 780.00 and a one year high of GBX 1,112.00.
The company also recently announced a dividend, which will be paid on Friday, August 11th. Investors of record on Thursday, June 29th will be paid a dividend of GBX 21.65 ($0.28) per share. This is a positive change from Babcock International Group PLC’s previous dividend of $6.50. The ex-dividend date is Thursday, June 29th. This represents a yield of 2.26%.
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In other news, insider Archie Bethel bought 1,585 shares of the firm’s stock in a transaction that occurred on Monday, March 27th. The shares were purchased at an average price of GBX 883 ($11.49) per share, with a total value of £13,995.55 ($18,206.78).
About Babcock International Group PLC
Babcock International Group PLC is a holding company. The Company is an engineering support services company. The Company offers support to the defense, energy, emergency services, transport and education sectors. Its segments include Marine and Technology, Defence and Security, Support Services and International.
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