Peel Hunt reiterated their hold rating on shares of Babcock International Group (LON:BAB) in a report released on Monday, ThisIsMoney.Co.Uk reports.
Other research analysts have also issued reports about the company. lowered Babcock International Group to a hold rating and cut their target price for the company from GBX 650 ($8.49) to GBX 485 ($6.34) in a research note on Thursday, May 23rd. Stifel Nicolaus lowered Asante Solutions to a buy rating and set a $9.00 target price for the company. in a research note on Thursday, May 23rd. Goldman Sachs Group upgraded UCB S A/ADR from a neutral rating to a buy rating in a research note on Thursday, May 30th. Jefferies Financial Group raised their target price on Linde from $205.00 to $216.00 and gave the company a buy rating in a research note on Tuesday, May 28th. They noted that the move was a valuation call. Finally, Numis Securities reiterated a buy rating and issued a GBX 3,600 ($47.04) price target on shares of in a report on Friday, June 14th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of GBX 621.44 ($8.12).
BAB opened at GBX 428 ($5.59) on Monday. Babcock International Group has a 1-year low of GBX 410.10 ($5.36) and a 1-year high of GBX 813.60 ($10.63). 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 company has a market capitalization of $2.16 billion and a PE ratio of 10.86. The company has a 50 day simple moving average of GBX 460.71.
The firm also recently announced a dividend, which will be paid on Friday, August 9th. Stockholders of record on Thursday, July 4th will be 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. This represents a dividend yield of 4.86%. The ex-dividend date of this dividend is Thursday, July 4th. Babcock International Group’s payout ratio 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 acquired at an average cost of GBX 443 ($5.79) per share, for a total transaction of £22,150 ($28,942.90). Also, insider Archie Bethel sold 13,466 shares of the business’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of GBX 480 ($6.27), for a total value 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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