Babcock International Group’s (LON:BAB) “Purchase” Rating Repeats at Shore Capital

Babcock International Group’s (LON:BAB) “Purchase” Rating Repeats at Shore Capital

Shore Capital restated their buy rating on shares of Babcock International Group (LON:BAB) in a report issued on Wednesday, November 21st.

Other research analysts have also issued research reports about the stock. Numis Securities reissued a buy rating on shares of Babcock International Group in a research note on Monday, September 3rd. Royal Bank of Canada lowered shares of Babcock International Group to a sector perform rating and lowered their price objective for the company from GBX 1,000 ($13.07) to GBX 700 ($9.15) in a research note on Monday, November 5th. Liberum Capital reiterated a buy rating and issued a GBX 1,100 ($14.37) price target on shares of Babcock International Group in a research note on Tuesday, October 16th. Jefferies Financial Group cut their price objective on shares of 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, Peel Hunt reissued a hold rating and set a GBX 760 ($9.93) price objective on shares of Babcock International Group in a report on Monday, November 19th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Babcock International Group presently has a consensus rating of Buy and an average price target of GBX 840.11 ($10.98).

BAB traded down GBX 4.60 ($0.06) during midday trading on Wednesday, hitting GBX 553.60 ($7.23). 1,597,388 shares of the company traded hands, compared to its average volume of 2,170,000. 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 released its quarterly earnings data on Wednesday, November 21st. The company reported GBX 39.90 ($0.52) earnings per share (EPS) 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 given a dividend of GBX 7.10 ($0.09) per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a dividend yield of 1.25%.

In related news, insider Myles Lee bought 7,500 shares of the firm’s stock in a transaction on Wednesday, November 21st. The shares were bought at an average cost of GBX 551 ($7.20) per share, for a total transaction of £41,325 ($53,998.43).

Babcock International Group Company Profile

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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