Babcock International Group PLC (BAB) Given Consensus Rating of “Buy” by Analysts
Babcock International Group PLC (LON:BAB) has been assigned an average recommendation of “Buy” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 1,162.80 ($15.18).
BAB has been the subject of a number of research analyst reports. Shore Capital reissued a “buy” rating on shares of Babcock International Group PLC in a research report on Friday, May 19th. Liberum Capital reissued a “buy” rating and issued a GBX 960 ($12.54) price target on shares of Babcock International Group PLC in a research report on Monday, April 3rd. Jefferies Group LLC reduced their price target on shares of Babcock International Group PLC from GBX 1,280 ($16.71) to GBX 1,260 ($16.45) and set a “buy” rating for the company in a research report on Friday, May 26th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 1,085 ($14.17) price target on shares of Babcock International Group PLC in a research report on Wednesday, May 24th.
Shares of Babcock International Group PLC (LON:BAB) opened at 847.00 on Monday. The company has a 50-day moving average of GBX 888.10 and a 200-day moving average of GBX 904.05. Babcock International Group PLC has a 12-month low of GBX 845.50 and a 12-month high of GBX 1,112.00. The stock’s market capitalization is GBX 4.28 billion.
The company also recently disclosed a dividend, which will be paid on Friday, August 11th. Investors of record on Thursday, June 29th will be issued 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.
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In related news, insider Franco Martinelli sold 7,151 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of GBX 887 ($11.58), for a total value of £63,429.37 ($82,827.59).
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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