Babcock International Group (BAB) Lowered to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Babcock International Group (LON:BAB) to a neutral rating in a research report sent to investors on Wednesday morning, ThisIsMoney.Co.Uk reports. The firm currently has GBX 557 ($7.28) price target on the stock, down from their prior price target of GBX 772 ($10.09).

Several other equities analysts have also recently commented on the company. Shore Capital reiterated a buy rating on shares of Babcock International Group in a research note on Wednesday, April 3rd. Peel Hunt reiterated an add rating on shares of Babcock International Group in a research note on Friday, May 3rd. Numis Securities reiterated a buy rating and set a GBX 780 ($10.19) target price on shares of Babcock International Group in a research note on Tuesday, February 5th. Liberum Capital reiterated a buy rating on shares of Babcock International Group in a research note on Monday, March 4th. Finally, Jefferies Financial Group reduced their target price on Babcock International Group from GBX 950 ($12.41) to GBX 900 ($11.76) and set a buy rating for the company in a research note on Tuesday, April 9th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 680.89 ($8.90).

Babcock International Group stock opened at GBX 434.40 ($5.68) on Wednesday. The company has a market cap of $2.32 billion and a PE ratio of 9.15. The company has a debt-to-equity ratio of 58.28, a current ratio of 1.09 and a quick ratio of 0.98. Babcock International Group has a 52 week low of GBX 471.90 ($6.17) and a 52 week high of GBX 868 ($11.34).

The company also recently disclosed a dividend, which will be paid on Friday, August 9th. Investors of record on Thursday, July 4th will be paid a dividend of GBX 22.90 ($0.30) per share. The ex-dividend date is Thursday, July 4th. This is a boost from Babcock International Group’s previous dividend of $7.10. This represents a yield of 4.86%. Babcock International Group’s dividend payout ratio (DPR) is 0.63%.

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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