Babcock International Group PLC (BAB) Insider Myles Lee Buys 7,500 Shares

Babcock International Group PLC (LON:BAB) insider Myles Lee bought 7,500 shares of Babcock International Group stock in a transaction that occurred on Wednesday, November 21st. The shares were acquired at an average cost of GBX 551 ($7.20) per share, with a total value of £41,325 ($53,998.43).

Shares of Babcock International Group stock opened at GBX 576.40 ($7.53) on Friday. Babcock International Group PLC has a 1 year low of GBX 604 ($7.89) and a 1 year high of GBX 1,030 ($13.46).

Babcock International Group (LON:BAB) last released its quarterly earnings data on Wednesday, November 21st. The company reported GBX 39.90 ($0.52) earnings per share for the quarter, beating analysts’ consensus estimates 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. Shareholders of record on Thursday, December 6th will be issued a GBX 7.10 ($0.09) dividend. The ex-dividend date is Thursday, December 6th. This represents a yield of 1.25%.

Several brokerages recently issued reports on BAB. JPMorgan Chase & Co. reduced their target price on shares of Babcock International Group from GBX 998 ($13.04) to GBX 981 ($12.82) and set an “overweight” rating for the company in a report on Thursday. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a report on Wednesday. Liberum Capital reissued a “buy” rating on shares of Babcock International Group in a report on Wednesday. Peel Hunt reissued a “hold” rating and set a GBX 760 ($9.93) target price on shares of Babcock International Group in a report on Monday. Finally, Royal Bank of Canada cut shares of Babcock International Group to a “sector perform” rating and reduced their target price for the stock from GBX 1,000 ($13.07) to GBX 700 ($9.15) in a report on Monday, November 5th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 843.73 ($11.02).

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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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