Babcock International Group PLC (BAB) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Babcock International Group PLC (LON:BAB) have been assigned an average recommendation of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat.com reports. Three 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 objective among analysts that have updated their coverage on the stock in the last year is GBX 1,147.30 ($14.89).
Several equities research analysts have issued reports on BAB shares. Shore Capital restated a “buy” rating on shares of Babcock International Group PLC in a report on Friday, May 19th. Deutsche Bank AG restated a “hold” rating and issued a GBX 1,020 ($13.24) price target on shares of Babcock International Group PLC in a report on Tuesday, May 23rd. Liberum Capital increased their price target on Babcock International Group PLC from GBX 960 ($12.46) to GBX 1,100 ($14.28) and gave the stock a “buy” rating in a report on Wednesday, May 24th. Peel Hunt restated a “buy” rating and issued a GBX 1,085 ($14.09) price target on shares of Babcock International Group PLC in a report on Wednesday, May 24th. Finally, Jefferies Group LLC lowered their price target on Babcock International Group PLC from GBX 1,280 ($16.62) to GBX 1,260 ($16.36) and set a “buy” rating for the company in a report on Friday, May 26th.
Babcock International Group PLC (LON:BAB) opened at 824.00 on Friday. The firm’s market capitalization is GBX 4.16 billion. Babcock International Group PLC has a one year low of GBX 823.00 and a one year high of GBX 1,112.00. The stock’s 50 day moving average price is GBX 858.05 and its 200-day moving average price is GBX 892.15.
The company also recently disclosed a dividend, which was paid on Friday, August 11th. Stockholders of record on Thursday, June 29th were given a dividend of GBX 21.65 ($0.28) per share. This is a boost from Babcock International Group PLC’s previous dividend of $6.50. This represents a dividend yield of 2.26%. The ex-dividend date was Thursday, June 29th.
In other news, insider Franco Martinelli sold 7,151 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of GBX 887 ($11.51), for a total transaction of £63,429.37 ($82,343.72).
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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