Babcock International (BAB) Receives GBX 956.92 Average Target Price from Analysts

Shares of Babcock International (LON:BAB) have been assigned a consensus recommendation of “Buy” from the fourteen ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 934.09 ($12.53).

A number of equities analysts have recently commented on the stock. Shore Capital reaffirmed a “buy” rating on shares of Babcock International in a report on Wednesday. Deutsche Bank cut their target price on shares of Babcock International from GBX 1,020 ($13.69) to GBX 740 ($9.93) and set a “hold” rating on the stock in a report on Monday. Liberum Capital reaffirmed a “buy” rating on shares of Babcock International in a report on Wednesday. Peel Hunt reaffirmed a “hold” rating on shares of Babcock International in a report on Wednesday. Finally, Numis Securities reaffirmed a “buy” rating and issued a GBX 980 ($13.15) target price on shares of Babcock International in a report on Thursday, May 17th.

BAB stock traded up GBX 13.60 ($0.18) during midday trading on Friday, reaching GBX 825.60 ($11.08). 3,786,088 shares of the company were exchanged, compared to its average volume of 2,170,000. Babcock International has a 1-year low of GBX 604 ($8.10) and a 1-year high of GBX 1,030 ($13.82).

The company also recently disclosed a dividend, which will be paid on Friday, August 10th. Shareholders of record on Thursday, June 28th will be paid a GBX 22.65 ($0.30) dividend. This is a boost from Babcock International’s previous dividend of $6.85. This represents a yield of 2.89%. The ex-dividend date is Thursday, June 28th.

In other news, insider Jeff Randall acquired 1,000 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were bought at an average cost of GBX 662 ($8.88) per share, with a total value of £6,620 ($8,882.33).

About Babcock International

Babcock International Group PLC, together with its subsidiaries, provides engineering support services for defense, marine, aviation, and nuclear sectors. It operates through Marine and Technology, Defence and Security, Support Services, and International divisions. The company delivers through-life marine engineering services ranging from supporting naval fleets, commercial marine, engineering consultancy, weapons handling, equipment support, intelligence and cyber-security, and technical training to defense and civil customers.

Analyst Recommendations for Babcock International (LON:BAB)

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