Babcock International Group (LON:BAB) Rating Reiterated by Peel Hunt

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Peel Hunt restated their add rating on shares of Babcock International Group (LON:BAB) in a research note released on Monday, Digital Look reports. The firm currently has a GBX 668 ($8.79) target price on the stock.

BAB has been the topic of a number of other reports. Liberum Capital reissued a buy rating on shares of Babcock International Group in a research report on Tuesday, February 4th. Shore Capital restated a buy rating on shares of Babcock International Group in a research note on Wednesday, February 5th. Peel Hunt reaffirmed a hold rating and set a GBX 561 ($7.38) price target on shares of Babcock International Group in a report on Wednesday, January 8th. Jefferies Financial Group reaffirmed a buy rating and set a GBX 825 ($10.85) price target on shares of Babcock International Group in a research note 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 given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 597 ($7.85).

Shares of LON:BAB opened at GBX 514 ($6.76) on Monday. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 85.12. Babcock International Group has a 52-week low of GBX 410.10 ($5.39) and a 52-week high of GBX 659.80 ($8.68). The company has a 50 day moving average of GBX 608.28 and a two-hundred day moving average of GBX 555.28. The company has a market capitalization of $2.58 billion and a price-to-earnings ratio of 9.61.

The firm also recently disclosed a dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 5th were issued a dividend of GBX 7.20 ($0.09) per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a yield of 1.33%. Babcock International Group’s dividend payout ratio is presently 0.56%.

In related news, insider Ruth Cairnie acquired 2,500 shares of Babcock International Group stock in a transaction on Wednesday, November 20th. The shares were purchased at an average cost of GBX 521 ($6.85) per share, for a total transaction of £13,025 ($17,133.65). Also, insider Myles Lee acquired 5,000 shares of Babcock International Group stock in a transaction on Wednesday, February 12th. The shares were bought at an average price of GBX 534 ($7.02) per share, for a total transaction of £26,700 ($35,122.34).

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.

Further Reading: Diversification

Analyst Recommendations for Babcock International Group (LON:BAB)

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