Babcock International Group (BAB) Receives Overweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of Babcock International Group (LON:BAB) in a research report sent to investors on Wednesday morning. They currently have a GBX 1,365 ($19.14) target price on the stock.

BAB has been the subject of several other reports. Liberum Capital reiterated a buy rating and issued a GBX 1,100 ($15.42) target price on shares of Babcock International Group in a research note on Friday, November 10th. Peel Hunt reiterated a buy rating and issued a GBX 1,085 ($15.21) target price on shares of Babcock International Group in a research note on Tuesday, November 14th. Credit Suisse Group decreased their target price on shares of Babcock International Group from GBX 925 ($12.97) to GBX 750 ($10.52) and set a neutral rating for the company in a research note on Wednesday, January 3rd. Numis Securities started coverage on shares of Babcock International Group in a research note on Monday, January 22nd. They issued a buy rating and a GBX 980 ($13.74) target price for the company. Finally, Morgan Stanley restated an overweight rating and set a GBX 975 ($13.67) price objective on shares of Babcock International Group in a research report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. Babcock International Group currently has an average rating of Hold and a consensus target price of GBX 967.92 ($13.57).

Babcock International Group (LON:BAB) opened at GBX 640.80 ($8.98) on Wednesday. Babcock International Group has a 12 month low of GBX 604 ($8.47) and a 12 month high of GBX 1,030 ($14.44). The stock has a market cap of $3,200.00 and a price-to-earnings ratio of 1,001.25.

The firm also recently announced a dividend, which was paid on Tuesday, January 16th. Stockholders of record on Thursday, December 7th were given a GBX 6.85 ($0.10) dividend. This represents a dividend yield of 1.03%. The ex-dividend date was Thursday, December 7th.

In other news, insider Myles Lee acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average price of GBX 678 ($9.51) per share, with a total value of £33,900 ($47,532.25). Also, insider Mike Turner acquired 9,500 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was purchased at an average cost of GBX 673 ($9.44) per share, with a total value of £63,935 ($89,645.26).

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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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