Shares of Babcock International Group PLC (LON:BAB) have received a consensus rating of “Buy” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 801.29 ($10.47).
BAB has been the topic of a number of recent analyst reports. Shore Capital restated a “buy” rating on shares of Babcock International Group in a research note on Monday, October 8th. Liberum Capital restated a “buy” rating on shares of Babcock International Group in a research note on Wednesday, October 10th. JPMorgan Chase & Co. cut their price target on shares of Babcock International Group from GBX 1,365 ($17.84) to GBX 998 ($13.04) and set an “overweight” rating on the stock in a research note on Thursday, October 11th. Royal Bank of Canada downgraded shares of Babcock International Group to a “sector perform” rating and dropped their price objective for the company from GBX 1,000 ($13.07) to GBX 700 ($9.15) in a report on Monday, November 5th. Finally, Peel Hunt reaffirmed a “hold” rating and issued a GBX 760 ($9.93) price objective on shares of Babcock International Group in a report on Monday, November 19th.
LON BAB opened at GBX 541.94 ($7.08) on Friday. Babcock International Group has a 52 week low of GBX 604 ($7.89) and a 52 week high of GBX 1,030 ($13.46).
Babcock International Group (LON:BAB) last posted its quarterly earnings data on Wednesday, November 21st. The company reported GBX 39.90 ($0.52) EPS for the quarter, topping the consensus estimate of GBX 39.10 ($0.51) by GBX 0.80 ($0.01).
The company also recently declared a dividend, which was paid on Wednesday, January 16th. Investors of record on Thursday, December 6th were issued a dividend of GBX 7.10 ($0.09) per share. This represents a yield of 1.25%. The ex-dividend date was Thursday, December 6th.
In other news, insider Myles Lee purchased 7,500 shares of the stock in a transaction that occurred on Wednesday, November 21st. The shares were purchased at an average cost of GBX 551 ($7.20) per share, with a total value of £41,325 ($53,998.43).
About Babcock International Group
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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