Babcock International Group (BAB) Earns Buy Rating from Shore Capital

Shore Capital restated their buy rating on shares of Babcock International Group (LON:BAB) in a report issued on Wednesday.

Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on 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. Liberum Capital reissued a buy rating and issued a GBX 1,100 ($14.37) target price on shares of Babcock International Group in a report on Tuesday, October 16th. Peel Hunt dropped their target price on Babcock International Group from GBX 785 ($10.26) to GBX 760 ($9.93) and set a hold rating on the stock in a report on Thursday, August 23rd. Jefferies Financial Group dropped their target price on Babcock International Group from GBX 1,260 ($16.46) to GBX 950 ($12.41) and set a buy rating on the stock in a report on Monday, August 6th. Finally, Numis Securities reissued a buy rating on shares of Babcock International Group in a report on Monday, September 3rd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of GBX 843.73 ($11.02).

Shares of BAB stock opened at GBX 578.20 ($7.56) on Wednesday. Babcock International Group has a twelve month low of GBX 604 ($7.89) and a twelve month high of GBX 1,030 ($13.46).

Babcock International Group (LON:BAB) last issued its quarterly earnings results on Wednesday, November 21st. The company reported GBX 39.90 ($0.52) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 39.10 ($0.51) by GBX 0.80 ($0.01).

The business also recently announced 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. This represents a yield of 1.25%. The ex-dividend date of this dividend is Thursday, December 6th.

In related news, insider Myles Lee bought 7,500 shares of the company’s stock in a transaction 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).

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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Analyst Recommendations for Babcock International Group (LON:BAB)

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