Babcock International Group PLC (LON:BAB) has received a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 621.71 ($8.12).

A number of brokerages recently weighed in on BAB. Goldman Sachs Group lowered shares of Babcock International Group to a “neutral” rating and decreased their price objective for the company from GBX 850 ($11.11) to GBX 550 ($7.19) in a report on Thursday. Royal Bank of Canada reduced their price target on shares of Babcock International Group from GBX 650 ($8.49) to GBX 550 ($7.19) and set a “sector performer” rating for the company in a report on Thursday. Numis Securities restated an “under review” rating on shares of Babcock International Group in a report on Thursday. Peel Hunt restated a “hold” rating on shares of Babcock International Group in a report on Thursday. Finally, Jefferies Financial Group reduced their price target on shares of Babcock International Group from GBX 900 ($11.76) to GBX 825 ($10.78) and set a “buy” rating for the company in a report on Tuesday, May 28th.

BAB traded down GBX 2.20 ($0.03) on Thursday, reaching GBX 447.80 ($5.85). 3,838,907 shares of the company traded hands, compared to its average volume of 2,170,000. Babcock International Group has a one year low of GBX 410.10 ($5.36) and a one year high of GBX 868 ($11.34). The firm has a market capitalization of $2.26 billion and a price-to-earnings ratio of 11.37. The company has a debt-to-equity ratio of 48.99, a current ratio of 0.94 and a quick ratio of 0.72.

The firm also recently declared a dividend, which will be paid on Friday, August 9th. Stockholders of record on Thursday, July 4th will be issued a GBX 22.90 ($0.30) dividend. The ex-dividend date is Thursday, July 4th. This represents a dividend yield of 4.86%. This is a positive change from Babcock International Group’s previous dividend of $7.10. Babcock International Group’s payout ratio is currently 0.76%.

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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