Peel Hunt restated their add rating on shares of Babcock International Group (LON:BAB) in a research note issued to investors on Wednesday morning, LSE.Co.UK reports. They currently have a GBX 668 ($8.79) target price on the stock.
Several other research firms have also weighed in on BAB. Peel Hunt reiterated an add rating and set a GBX 668 ($8.79) target price on shares of Babcock International Group in a report on Monday, February 10th. Liberum Capital reiterated a buy rating on shares of Babcock International Group in a report on Monday, February 10th. Shore Capital reiterated a buy rating on shares of Babcock International Group in a report on Wednesday. Jefferies Financial Group reiterated a buy rating and set a GBX 825 ($10.85) target price on shares of Babcock International Group in a report on Wednesday, November 20th. Finally, Barclays reiterated an underweight rating on shares of Babcock International Group in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 597 ($7.85).
BAB stock opened at GBX 500 ($6.58) on Wednesday. The business’s 50-day moving average price is GBX 605.90 and its two-hundred day moving average price is GBX 555.54. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 85.12. The firm has a market cap of $2.53 billion and a PE ratio of 9.35. Babcock International Group has a 1-year low of GBX 410.10 ($5.39) and a 1-year high of GBX 659.80 ($8.68).
The company also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 5th were issued a GBX 7.20 ($0.09) dividend. The ex-dividend date was Thursday, December 5th. This represents a dividend yield of 1.33%. Babcock International Group’s dividend payout ratio (DPR) is 0.56%.
In other news, insider Myles Lee purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were bought at an average cost of GBX 534 ($7.02) per share, for a total transaction of £26,700 ($35,122.34). Also, insider Ruth Cairnie purchased 2,500 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average price of GBX 521 ($6.85) per share, for a total transaction of £13,025 ($17,133.65).
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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