Babcock International Group’s (BAB) Hold Rating Reaffirmed at Peel Hunt
Peel Hunt reiterated their hold rating on shares of Babcock International Group (LON:BAB) in a research note published on Wednesday morning. The firm currently has a GBX 751 ($10.11) target price on the stock, down from their previous target price of GBX 1,085 ($14.60).
BAB has been the topic of several other research reports. Liberum Capital restated a buy rating and issued a GBX 1,100 ($14.80) price objective on shares of Babcock International Group in a research note on Friday, November 10th. J P Morgan Chase & Co restated an overweight rating and issued a GBX 1,365 ($18.37) price objective on shares of Babcock International Group in a research note on Wednesday, November 8th. Morgan Stanley dropped their price objective on Babcock International Group from GBX 1,110 ($14.94) to GBX 975 ($13.12) and set an overweight rating on the stock in a research note on Thursday, September 28th. Credit Suisse Group restated a neutral rating and issued a GBX 925 ($12.45) price objective on shares of Babcock International Group in a research note on Thursday, November 23rd. Finally, Citigroup reaffirmed a sell rating and issued a GBX 660 ($8.88) target price on shares of Babcock International Group in a research report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 979.64 ($13.18).
Babcock International Group (LON BAB) traded down GBX 1.50 ($0.02) during trading hours on Wednesday, reaching GBX 704 ($9.48). The company’s stock had a trading volume of 1,747,737 shares, compared to its average volume of 3,760,000. Babcock International Group has a 12-month low of GBX 651 ($8.76) and a 12-month high of GBX 1,030 ($13.86).
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 GBX 6.85 ($0.09) dividend. This represents a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, December 7th.
In related news, insider Mike Turner purchased 9,500 shares of Babcock International Group stock in a transaction that occurred on Monday, November 27th. The shares were acquired at an average price of GBX 673 ($9.06) per share, with a total value of £63,935 ($86,049.80). Also, insider Myles Lee purchased 5,000 shares of Babcock International Group stock in a transaction that occurred on Wednesday, December 6th. The shares were bought at an average cost of GBX 678 ($9.13) per share, for a total transaction of £33,900 ($45,625.84).
Babcock International Group Company Profile
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.
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