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

Shore Capital reaffirmed their buy rating on shares of Babcock International Group (LON:BAB) in a report published on Friday.

Several other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Babcock International Group from GBX 998 ($13.04) to GBX 981 ($12.82) and set an overweight rating on the stock in a report on Thursday, November 22nd. Liberum Capital assumed coverage on shares of Babcock International Group in a research note on Wednesday, November 21st. They set a buy rating and a GBX 900 ($11.76) price objective on the stock. Peel Hunt reaffirmed a hold rating and set a GBX 760 ($9.93) price objective on shares of Babcock International Group in a research note on Monday, November 19th. Royal Bank of Canada cut shares of Babcock International Group to a sector perform rating and dropped their price objective for the stock from GBX 1,000 ($13.07) to GBX 700 ($9.15) in a research note on Monday, November 5th. Finally, Numis Securities reaffirmed a buy rating on shares of Babcock International Group in a research note on Monday, September 3rd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Babcock International Group currently has an average rating of Buy and an average target price of GBX 840.11 ($10.98).

Shares of LON:BAB opened at GBX 571.80 ($7.47) on Friday. Babcock International Group has a twelve month low of GBX 604 ($7.89) and a twelve month high of GBX 1,030 ($13.46).

Babcock International Group (LON:BAB) last issued its quarterly earnings results on Wednesday, November 21st. The company reported GBX 39.90 ($0.52) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 39.10 ($0.51) by GBX 0.80 ($0.01).

The company also recently disclosed a dividend, which will be paid on Wednesday, January 16th. Stockholders of record on Thursday, December 6th will be paid a dividend of GBX 7.10 ($0.09) per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a dividend yield of 1.25%.

In other news, insider Myles Lee acquired 7,500 shares of the company’s stock in a transaction dated Wednesday, November 21st. The shares were acquired at an average price of GBX 551 ($7.20) per share, with a total value of £41,325 ($53,998.43).

Babcock International Group Company Profile

Babcock International Group PLC, together with its subsidiaries, provides engineering services for marine, land, aviation, and nuclear sectors in the United Kingdom and internationally. The company delivers through-life marine engineering services, including supporting naval fleets, commercial marine, engineering consultancy, weapons handling, equipment support, intelligence and cyber-security, and technical training to defense and civil customers.

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Analyst Recommendations for Babcock International Group (LON:BAB)

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