Babcock International Group PLC (LON:BAB) Given “Buy” Rating at Peel Hunt
Babcock International Group PLC (LON:BAB)‘s stock had its “buy” rating reiterated by investment analysts at Peel Hunt in a report issued on Thursday. They currently have a GBX 1,085 ($14.05) price target on the stock. Peel Hunt’s price target would suggest a potential upside of 24.78% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. BNP Paribas reiterated a “neutral” rating and set a GBX 975 ($12.63) price target on shares of Babcock International Group PLC in a report on Wednesday. Liberum Capital reiterated a “buy” rating and set a GBX 1,100 ($14.25) price target on shares of Babcock International Group PLC in a report on Thursday. Shore Capital reiterated a “buy” rating on shares of Babcock International Group PLC in a report on Thursday. Jefferies Group LLC lowered their price target on Babcock International Group PLC from GBX 1,280 ($16.58) to GBX 1,260 ($16.32) and set a “buy” rating on the stock in a report on Friday, May 26th. Finally, Goldman Sachs Group, Inc. (The) lowered their price target on Babcock International Group PLC from GBX 1,420 ($18.39) to GBX 1,360 ($17.62) and set a “conviction-buy” rating on the stock in a report on Friday, May 26th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Babcock International Group PLC presently has an average rating of “Buy” and a consensus price target of GBX 1,162.80 ($15.06).
Shares of Babcock International Group PLC (LON:BAB) opened at 863.50 on Thursday. Babcock International Group PLC has a 52 week low of GBX 845.50 and a 52 week high of GBX 1,112.00. The firm’s market capitalization is GBX 4.36 billion. The firm has a 50-day moving average price of GBX 915.61 and a 200-day moving average price of GBX 912.30.
The company also recently announced a dividend, which will be paid on Friday, August 11th. Shareholders of record on Thursday, June 29th will be paid a GBX 21.65 ($0.28) dividend. The ex-dividend date is Thursday, June 29th. This represents a yield of 2.26%. This is an increase from Babcock International Group PLC’s previous dividend of $6.50.
WARNING: This news story was posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/07/13/babcock-international-group-plc-lonbab-given-buy-rating-at-peel-hunt.html.
In other Babcock International Group PLC news, insider Franco Martinelli sold 7,151 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of GBX 887 ($11.49), for a total value of £63,429.37 ($82,162.40).
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.
Receive News & Ratings for Babcock International Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Babcock International Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.