Babcock International Group PLC (BAB) Stock Rating Reaffirmed by Deutsche Bank AG
Babcock International Group PLC (LON:BAB)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank AG in a research report issued on Tuesday. They currently have a GBX 1,020 ($13.27) price target on the stock. Deutsche Bank AG’s target price suggests a potential upside of 8.34% from the stock’s current price.
A number of other equities research analysts have also issued reports on BAB. BNP Paribas reissued a “neutral” rating and issued a GBX 1,020 ($13.27) price target on shares of Babcock International Group PLC in a report on Monday, January 23rd. Peel Hunt cut their price target on shares of Babcock International Group PLC from GBX 1,117 ($14.53) to GBX 1,085 ($14.11) and set a “buy” rating on the stock in a report on Tuesday, January 24th. Shore Capital reissued a “buy” rating on shares of Babcock International Group PLC in a report on Wednesday, January 25th. Finally, Liberum Capital reissued a “hold” rating and issued a GBX 960 ($12.49) price target on shares of Babcock International Group PLC in a report on Tuesday, February 28th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 1,167.30 ($15.19).
Babcock International Group PLC (LON:BAB) opened at 941.50 on Tuesday. Babcock International Group PLC has a 12-month low of GBX 780.00 and a 12-month high of GBX 1,112.00. The company has a 50-day moving average of GBX 907.29 and a 200 day moving average of GBX 921.00. The firm’s market cap is GBX 4.75 billion.
The business also recently announced a dividend, which will be paid on Friday, August 11th. Stockholders of record on Thursday, June 29th will be given a GBX 21.65 ($0.28) dividend. This represents a dividend yield of 2.26%. This is a boost from Babcock International Group PLC’s previous dividend of $6.50. The ex-dividend date is Thursday, June 29th.
In related news, insider Archie Bethel bought 1,585 shares of the company’s stock in a transaction dated Monday, March 27th. The stock was purchased at an average cost 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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