Babcock International Group plc (LON:BAB) insider Myles Lee purchased 5,000 shares of the stock in a transaction dated Wednesday, December 6th. The shares were acquired at an average cost of GBX 678 ($9.13) per share, with a total value of £33,900 ($45,625.84).

Babcock International Group plc (LON:BAB) opened at GBX 663.50 ($8.93) on Thursday. Babcock International Group plc has a 52 week low of GBX 657 ($8.84) and a 52 week high of GBX 1,030 ($13.86).

The company also recently declared a dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, December 7th will be paid a dividend of GBX 6.85 ($0.09) per share. This represents a yield of 1.03%. The ex-dividend date is Thursday, December 7th.

BAB has been the topic of a number of research reports. Credit Suisse Group reduced their price objective on Babcock International Group from GBX 1,030 ($13.86) to GBX 925 ($12.45) and set a “neutral” rating on the stock in a research report on Thursday, August 17th. Liberum Capital reiterated a “buy” rating on shares of Babcock International Group in a research report on Thursday, September 7th. Peel Hunt reissued a “buy” rating and issued a GBX 1,085 ($14.60) price objective on shares of Babcock International Group in a research note on Wednesday, September 20th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 1,365 ($18.37) price objective on shares of Babcock International Group in a research note on Thursday, September 21st. Finally, Morgan Stanley dropped their price objective on Babcock International Group from GBX 1,110 ($14.94) to GBX 975 ($13.12) and set an “overweight” rating on the stock in a research note on Thursday, September 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 1,010 ($13.59).

TRADEMARK VIOLATION WARNING: This piece of content was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/07/insider-buying-babcock-international-group-plc-bab-insider-acquires-5000-shares-of-stock.html.

About Babcock International Group

Babcock International Group PLC is a holding company. The Company provides engineering services. Its segments include Marine and Technology, Defence and Security, Support Services and International. The Marine and Technology segment delivers support to the United Kingdom Royal Navy’s submarines, naval ships and infrastructure.

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.