Peel Hunt Reaffirms Hold Rating for Babcock International Group (LON:BAB)

Peel Hunt reiterated their hold rating on shares of Babcock International Group (LON:BAB) in a research report report published on Wednesday, December 20th. The brokerage currently has a GBX 751 ($10.18) price objective on the stock, down from their prior price objective of GBX 1,085 ($14.71).

Other equities research analysts also recently issued reports about the company. Shore Capital reissued a buy rating on shares of Babcock International Group in a research note on Monday, December 11th. Liberum Capital reissued a buy rating and issued a GBX 1,100 ($14.92) price objective on shares of Babcock International Group in a research note on Wednesday, September 20th. Panmure Gordon reissued a buy rating and issued a GBX 1,000 ($13.56) price objective on shares of Babcock International Group in a research note on Tuesday, November 21st. Morgan Stanley downgraded Babcock International Group to an equal weight rating and reduced their price objective for the stock from GBX 975 ($13.22) to GBX 800 ($10.85) in a research note on Friday, December 1st. Finally, JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 1,365 ($18.51) price objective on shares of Babcock International Group in a research note on Thursday, September 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 963.73 ($13.07).

Shares of Babcock International Group (LON:BAB) traded up GBX 7.60 ($0.10) during trading on Wednesday, reaching GBX 720 ($9.76). The company had a trading volume of 1,717,175 shares, compared to its average volume of 2,720,000. The stock has a market cap of $3,640.00 and a P/E ratio of 1,125.00. Babcock International Group has a 1 year low of GBX 651 ($8.83) and a 1 year high of GBX 1,030 ($13.97).

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

In related news, insider Myles Lee acquired 5,000 shares of the stock in a transaction dated Wednesday, December 6th. The shares were acquired at an average price of GBX 678 ($9.19) per share, with a total value of £33,900 ($45,972.34). Also, insider Mike Turner acquired 9,500 shares of the stock in a transaction dated Monday, November 27th. The shares were bought at an average cost of GBX 673 ($9.13) per share, for a total transaction of £63,935 ($86,703.28).

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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.

Analyst Recommendations for Babcock International Group (LON:BAB)

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