Shore Capital restated their buy rating on shares of Babcock International Group (LON:BAB) in a report released on Wednesday morning, ThisIsMoney.Co.Uk reports.
Other equities analysts have also recently issued reports about the stock. Peel Hunt reissued an add rating and issued a GBX 668 ($8.79) price objective on shares of Babcock International Group in a research note on Monday, February 10th. Peel Hunt restated a hold rating and issued a GBX 561 ($7.38) target price on shares of Babcock International Group in a report on Wednesday, January 8th. Jefferies Financial Group restated a buy rating and issued a GBX 825 ($10.85) target price on shares of Babcock International Group in a report on Wednesday, November 20th. Barclays restated an underweight rating on shares of Babcock International Group in a report on Wednesday, November 27th. Finally, Liberum Capital restated a buy rating on shares of Babcock International Group in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Babcock International Group currently has an average rating of Hold and a consensus price target of GBX 597 ($7.85).
Shares of LON:BAB opened at GBX 500 ($6.58) on Wednesday. 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 stock has a market capitalization of $2.53 billion and a P/E ratio of 9.35. The firm has a fifty day simple moving average of GBX 605.90 and a two-hundred day simple moving average of GBX 555.54. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 85.12.
The company also recently announced a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 5th were issued a GBX 7.20 ($0.09) dividend. The ex-dividend date was Thursday, December 5th. This represents a dividend yield of 1.33%. Babcock International Group’s dividend payout ratio (DPR) is presently 0.56%.
In related news, insider Myles Lee acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was bought at an average price of GBX 534 ($7.02) per share, for a total transaction of £26,700 ($35,122.34). Also, insider Ruth Cairnie acquired 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average price of GBX 521 ($6.85) per share, with a total value of £13,025 ($17,133.65).
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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