Babcock International Group PLC (BAB) Receives Buy Rating from Shore Capital

Shore Capital reissued their buy rating on shares of Babcock International Group PLC (LON:BAB) in a research note published on Tuesday morning.

A number of other research analysts have also recently issued reports on the stock. Liberum Capital lifted their target price on shares of Babcock International Group PLC from GBX 900 ($10.94) to GBX 1,050 ($12.77) and gave the company a hold rating in a research note on Thursday, September 29th. Deutsche Bank AG cut shares of Babcock International Group PLC to a hold rating and set a GBX 1,020 ($12.40) target price for the company. in a research note on Monday. BNP Paribas reiterated a neutral rating and issued a GBX 1,050 ($12.77) target price on shares of Babcock International Group PLC in a research note on Monday, November 7th. Peel Hunt reiterated a buy rating and issued a GBX 1,121 ($13.63) target price on shares of Babcock International Group PLC in a research note on Friday, October 14th. Finally, J P Morgan Chase & Co reiterated an overweight rating and issued a GBX 1,440 ($17.51) target price on shares of Babcock International Group PLC in a research note on Wednesday, October 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of GBX 1,157.92 ($14.08).

Shares of Babcock International Group PLC (LON:BAB) traded down 1.42% during midday trading on Tuesday, hitting GBX 939.00. The stock had a trading volume of 2,049,487 shares. The stock has a 50-day moving average of GBX 947.14 and a 200 day moving average of GBX 988.37. Babcock International Group PLC has a 52 week low of GBX 780.00 and a 52 week high of GBX 1,112.00. The stock’s market cap is GBX 4.74 billion.

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The firm also recently declared a dividend, which will be paid on Monday, January 16th. Shareholders of record on Thursday, December 8th will be given a dividend of GBX 6.50 ($0.08) per share. The ex-dividend date is Thursday, December 8th. This represents a yield of 0.69%.

In other Babcock International Group PLC news, insider Franco Martinelli purchased 2,994 shares of the business’s stock in a transaction on Friday, November 25th. The shares were purchased at an average cost of GBX 935 ($11.37) per share, with a total value of £27,993.90 ($34,043.41).

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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