Analysts Set Babcock International Group PLC (LON:BAB) Target Price at GBX 579

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Shares of Babcock International Group PLC (LON:BAB) have been assigned a consensus rating of “Hold” from the ten brokerages that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 579 ($7.57).

BAB has been the subject of a number of analyst reports. Stifel Nicolaus lowered shares of Babcock International Group to a “hold” rating and dropped their target price for the stock from GBX 650 ($8.49) to GBX 485 ($6.34) in a report on Thursday, May 23rd. Goldman Sachs Group lowered shares of Babcock International Group to a “neutral” rating and lowered their price objective for the stock from GBX 850 ($11.11) to GBX 550 ($7.19) in a report on Thursday, May 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Babcock International Group in a research note on Tuesday, June 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 550 ($7.19) target price on shares of Babcock International Group in a research note on Monday, June 17th. Finally, downgraded shares of Babcock International Group to a “hold” rating and decreased their target price for the company from GBX 650 ($8.49) to GBX 485 ($6.34) in a research note on Thursday, May 23rd.

Shares of Babcock International Group stock traded up GBX 2.40 ($0.03) during trading on Tuesday, reaching GBX 464.50 ($6.07). 997,588 shares of the stock were exchanged, compared to its average volume of 2,170,000. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 48.99. The stock’s fifty day moving average is GBX 458.77 and its 200 day moving average is GBX 497.31. The firm has a market cap of $2.35 billion and a price-to-earnings ratio of 11.79. Babcock International Group has a 1 year low of GBX 410.10 ($5.36) and a 1 year high of GBX 739.20 ($9.66).

The firm also recently announced a dividend, which was paid on Friday, August 9th. Shareholders of record on Thursday, July 4th were paid a dividend of GBX 22.90 ($0.30) per share. This is an increase from Babcock International Group’s previous dividend of $7.10. The ex-dividend date of this dividend was Thursday, July 4th. This represents a dividend yield of 4.86%. Babcock International Group’s dividend payout ratio (DPR) is currently 0.76%.

In other news, insider Ruth Cairnie purchased 5,000 shares of Babcock International Group stock in a transaction that occurred on Monday, July 8th. The stock was bought at an average price of GBX 443 ($5.79) per share, with a total value of £22,150 ($28,942.90). Also, insider Archie Bethel sold 13,466 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of GBX 480 ($6.27), for a total transaction of £64,636.80 ($84,459.43).

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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