A number of other equities research analysts have also issued reports on BAB. Morgan Stanley reduced their target price on shares of Babcock International Group from GBX 1,110 ($14.84) to GBX 975 ($13.04) and set an overweight rating on the stock in a report on Thursday, September 28th. Credit Suisse Group reduced their price objective on shares of Babcock International Group from GBX 1,030 ($13.77) to GBX 925 ($12.37) and set a neutral rating for the company in a research note on Thursday, August 17th. JPMorgan Chase & Co. restated an overweight rating and set a GBX 1,365 ($18.25) target price on shares of Babcock International Group in a research report on Friday, November 17th. Peel Hunt reiterated a buy rating and set a GBX 1,085 ($14.51) price target on shares of Babcock International Group in a report on Wednesday, September 20th. Finally, Liberum Capital reiterated a buy rating and set a GBX 1,100 ($14.71) price objective on shares of Babcock International Group in a research note on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 979.64 ($13.10).
Babcock International Group (BAB) traded up GBX 12.50 ($0.17) during midday trading on Monday, reaching GBX 718 ($9.60). 1,861,461 shares of the company were exchanged, compared to its average volume of 3,310,000. Babcock International Group has a 52 week low of GBX 651 ($8.70) and a 52 week high of GBX 1,030 ($13.77). The firm has a market capitalization of $3,570.00 and a P/E ratio of 1,121.88.
The company also recently disclosed a dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, December 7th will be given a GBX 6.85 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a yield of 1.03%.
In related news, insider Mike Turner purchased 9,500 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was bought at an average price of GBX 673 ($9.00) per share, with a total value of £63,935 ($85,486.03). Also, insider Myles Lee acquired 5,000 shares of Babcock International Group stock in a transaction on Wednesday, December 6th. The stock was purchased at an average cost of GBX 678 ($9.07) per share, with a total value of £33,900 ($45,326.92).
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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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