Babcock International Group PLC (LON:BAB) insider Franco Martinelli sold 7,151 shares of Babcock International Group PLC stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of GBX 887 ($11.22), for a total transaction of £63,429.37 ($80,239.56).

Shares of Babcock International Group PLC (BAB) opened at 914.00 on Monday. 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’s market cap is GBX 4.62 billion. The stock’s 50 day moving average is GBX 917.86 and its 200-day moving average is GBX 915.57.

The firm also recently disclosed a dividend, which will be paid on Friday, August 11th. Stockholders of record on Thursday, June 29th will be paid a GBX 21.65 ($0.27) dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a dividend yield of 2.26%. This is a positive change from Babcock International Group PLC’s previous dividend of $6.50.

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BAB has been the subject of a number of research analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Babcock International Group PLC in a research report on Monday, March 27th. Liberum Capital raised shares of Babcock International Group PLC to a “buy” rating and cut their target price for the stock from GBX 960 ($12.14) to GBX 860 ($10.88) in a research report on Wednesday, March 15th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 1,440 ($18.22) target price on shares of Babcock International Group PLC in a research report on Thursday, March 16th. Jefferies Group LLC cut their target price on shares of Babcock International Group PLC from GBX 1,280 ($16.19) to GBX 1,260 ($15.94) and set a “buy” rating for the company in a research report on Friday, May 26th. Finally, BNP Paribas reaffirmed a “neutral” rating and issued a GBX 1,020 ($12.90) target price on shares of Babcock International Group PLC in a research report on Monday, March 20th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 1,167.30 ($14.77).

Babcock International Group PLC Company Profile

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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