Babcock International Group PLC (LON:BAB) has been assigned an average rating of “Hold” from the twelve analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 963.73 ($13.07).
A number of brokerages have commented on BAB. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,085 ($14.71) price target on shares of Babcock International Group in a research report on Wednesday, September 20th. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a research report on Thursday, November 23rd. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,365 ($18.51) price objective on shares of Babcock International Group in a research report on Thursday, September 21st. Liberum Capital reissued a “buy” rating and set a GBX 1,100 ($14.92) price objective on shares of Babcock International Group in a research report on Friday, November 10th. Finally, Credit Suisse Group cut their price objective on shares of Babcock International Group from GBX 925 ($12.54) to GBX 750 ($10.17) and set a “neutral” rating on the stock in a research report on Wednesday, January 3rd.
In other Babcock International Group news, insider Myles Lee bought 5,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were bought at an average price of GBX 678 ($9.19) per share, for a total transaction of £33,900 ($45,972.34). Also, insider Mike Turner bought 9,500 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was acquired at an average price of GBX 673 ($9.13) per share, for a total transaction of £63,935 ($86,703.28).
The firm also recently announced a dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, December 7th will be issued a GBX 6.85 ($0.09) dividend. The ex-dividend date is Thursday, December 7th. This represents a dividend yield of 1.03%.
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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.
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