Babcock International Group (BAB) Rating Reiterated by Goldman Sachs Group

Goldman Sachs Group reaffirmed their buy rating on shares of Babcock International Group (LON:BAB) in a research report report published on Thursday. Goldman Sachs Group currently has a GBX 920 ($12.32) price objective on the stock, down from their prior price objective of GBX 1,330 ($17.81).

Several other brokerages have also issued reports on BAB. Credit Suisse Group lowered their target price on Babcock International Group from GBX 1,030 ($13.79) to GBX 925 ($12.39) and set a neutral rating for the company in a research report on Thursday, August 17th. J P Morgan Chase & Co reaffirmed an overweight rating and set a GBX 1,365 ($18.28) target price on shares of Babcock International Group in a research report on Thursday, September 21st. Morgan Stanley lowered their target price on Babcock International Group from GBX 1,110 ($14.87) to GBX 975 ($13.06) and set an overweight rating for the company in a research report on Thursday, September 28th. Liberum Capital reaffirmed a buy rating on shares of Babcock International Group in a research report on Thursday, September 7th. Finally, Peel Hunt reaffirmed a buy rating and set a GBX 1,085 ($14.53) target price on shares of Babcock International Group in a research report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of GBX 1,010 ($13.53).

Babcock International Group (LON:BAB) opened at GBX 685 ($9.17) on Thursday. Babcock International Group has a 12-month low of GBX 657 ($8.80) and a 12-month high of GBX 1,030 ($13.79).

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

In other Babcock International Group news, insider Mike Turner purchased 9,500 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was purchased at an average cost of GBX 673 ($9.01) per share, for a total transaction of £63,935 ($85,623.41).

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Babcock International Group Company Profile

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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