Shares of Babcock International Group PLC (LON:BAB) reached a new 52-week low during trading on Monday . The stock traded as low as GBX 617.80 ($8.66) and last traded at GBX 652.60 ($9.15), with a volume of 3380000 shares traded. The stock had previously closed at GBX 652.60 ($9.15).
BAB has been the subject of several research reports. Liberum Capital restated a “buy” rating and set a GBX 1,100 ($15.42) price target on shares of Babcock International Group in a report on Friday, November 10th. Peel Hunt restated a “buy” rating and set a GBX 1,085 ($15.21) price target on shares of Babcock International Group in a report on Tuesday, November 14th. Panmure Gordon restated a “buy” rating and set a GBX 1,000 ($14.02) price target on shares of Babcock International Group in a report on Tuesday, November 21st. Shore Capital restated a “buy” rating on shares of Babcock International Group in a report on Friday, November 17th. Finally, Goldman Sachs Group restated a “buy” rating and set a GBX 920 ($12.90) price target (down from GBX 1,330 ($18.65)) on shares of Babcock International Group in a report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Babcock International Group has a consensus rating of “Hold” and an average target price of GBX 967.92 ($13.57).
The company has a market capitalization of $3,300.00 and a P/E ratio of 1,019.69.
The firm also recently announced a dividend, which was paid on Tuesday, January 16th. Shareholders of record on Thursday, December 7th were paid a GBX 6.85 ($0.10) dividend. This represents a yield of 1.03%. The ex-dividend date was Thursday, December 7th.
In other news, insider Myles Lee purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were bought at an average price of GBX 678 ($9.51) per share, with a total value of £33,900 ($47,532.25). Also, insider Mike Turner purchased 9,500 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was purchased at an average cost of GBX 673 ($9.44) per share, for a total transaction of £63,935 ($89,645.26).
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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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