Analysts Set Babcock International Group PLC (BAB) Target Price at $967.92

Shares of Babcock International Group PLC (LON:BAB) have been given an average rating of “Hold” by the thirteen brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 967.92 ($13.37).

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,365 ($18.86) price target on shares of Babcock International Group in a research note on Wednesday, November 8th. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,100 ($15.20) price target on shares of Babcock International Group in a research note on Friday, November 10th. Shore Capital reaffirmed a “buy” rating on shares of Babcock International Group in a research note on Friday, November 17th. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 975 ($13.47) price target on shares of Babcock International Group in a research note on Monday, November 13th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 1,085 ($14.99) price target on shares of Babcock International Group in a research note on Tuesday, November 14th.

In other Babcock International Group news, insider Mike Turner purchased 9,500 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was acquired at an average cost of GBX 673 ($9.30) per share, with a total value of £63,935 ($88,332.41). Also, insider Myles Lee purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was acquired at an average cost of GBX 678 ($9.37) per share, with a total value of £33,900 ($46,836.14).

Babcock International Group (BAB) traded up GBX 6.80 ($0.09) during trading on Friday, reaching GBX 638.40 ($8.82). 2,095,550 shares of the company traded hands, compared to its average volume of 2,250,000. Babcock International Group has a 12-month low of GBX 604 ($8.34) and a 12-month high of GBX 1,030 ($14.23). The stock has a market cap of $3,230.00 and a P/E ratio of 997.50.

The business also recently disclosed a dividend, which was paid on Tuesday, January 16th. Shareholders of record on Thursday, December 7th were issued a dividend of GBX 6.85 ($0.09) per share. This represents a yield of 1.03%. The ex-dividend date of this dividend was Thursday, December 7th.

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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.

Analyst Recommendations for Babcock International Group (LON:BAB)

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