Babcock International Group (LON:BAB) had its price objective trimmed by JPMorgan Chase & Co. from GBX 557 ($7.33) to GBX 549 ($7.22) in a report issued on Thursday morning, Stock Target Advisor reports. The firm currently has a neutral rating on the stock.
BAB has been the subject of a number of other research reports. Peel Hunt restated an add rating and issued a GBX 668 ($8.79) price target on shares of Babcock International Group in a research report on Wednesday. Liberum Capital restated a buy rating on shares of Babcock International Group in a research report on Monday. Shore Capital restated a buy rating on shares of Babcock International Group in a research report on Wednesday. Peel Hunt restated an add rating and issued a GBX 668 ($8.79) price target on shares of Babcock International Group in a research report on Monday. Finally, Barclays restated an underweight rating on shares of Babcock International Group in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 597 ($7.85).
BAB traded down GBX 14 ($0.18) during midday trading on Thursday, reaching GBX 500 ($6.58). The company had a trading volume of 3,095,666 shares, compared to its average volume of 2,170,000. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 85.12. The business has a 50-day moving average of GBX 608.28 and a two-hundred day moving average of GBX 555.28. The company has a market cap of $2.53 billion and a P/E ratio of 9.35. Babcock International Group has a 1 year low of GBX 410.10 ($5.39) and a 1 year high of GBX 659.80 ($8.68).
The firm also recently announced a dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 5th were given a dividend of GBX 7.20 ($0.09) per share. This represents a dividend yield of 1.33%. The ex-dividend date was Thursday, December 5th. Babcock International Group’s dividend payout ratio is currently 0.56%.
In other Babcock International Group news, insider Myles Lee bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average price of GBX 534 ($7.02) per share, for a total transaction of £26,700 ($35,122.34). Also, insider Ruth Cairnie bought 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price of GBX 521 ($6.85) per share, with a total value of £13,025 ($17,133.65).
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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