Babcock International Group (BAB) Sets New 52-Week Low at $654.50

Babcock International Group plc (LON:BAB) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 654.50 ($8.81) and last traded at GBX 654.50 ($8.81), with a volume of 3158181 shares traded. The stock had previously closed at GBX 678 ($9.13).

Several equities research analysts have issued reports on BAB shares. Peel Hunt reiterated a “buy” rating and set a GBX 1,085 ($14.60) price objective on shares of Babcock International Group in a research note on Tuesday, November 14th. Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a research note on Friday, November 17th. Liberum Capital reiterated a “buy” rating and set a GBX 1,100 ($14.80) price objective on shares of Babcock International Group in a research note on Friday, November 10th. Panmure Gordon reiterated a “buy” rating and set a GBX 1,000 ($13.46) price objective on shares of Babcock International Group in a research note on Tuesday, November 21st. Finally, Goldman Sachs Group reiterated a “buy” rating and set a GBX 920 ($12.38) price objective (down from GBX 1,330 ($17.90)) on shares of Babcock International Group in a research note on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of GBX 1,010 ($13.59).

The company also recently announced a dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, December 7th will be given a dividend of GBX 6.85 ($0.09) per share. The ex-dividend date is Thursday, December 7th. This represents a dividend yield of 1.03%.

In other news, insider Myles Lee bought 5,000 shares of Babcock International Group stock in a transaction dated Wednesday, December 6th. The shares were acquired at an average cost of GBX 678 ($9.13) per share, with a total value of £33,900 ($45,625.84). Also, insider Mike Turner bought 9,500 shares of Babcock International Group stock in a transaction dated Monday, November 27th. The shares were purchased at an average cost of GBX 673 ($9.06) per share, for a total transaction of £63,935 ($86,049.80).

WARNING: “Babcock International Group (BAB) Sets New 52-Week Low at $654.50” was originally posted by Stock Observer and is owned by of Stock Observer. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.thestockobserver.com/2017/12/07/babcock-international-group-bab-sets-new-52-week-low-at-654-50.html.

About Babcock International Group

Babcock International Group PLC is a holding company. The Company provides engineering services. Its segments include Marine and Technology, Defence and Security, Support Services and International. The Marine and Technology segment delivers support to the United Kingdom Royal Navy’s submarines, naval ships and infrastructure.

Receive News & Ratings for Babcock International Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Babcock International Group plc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply