Babcock International Group (BAB) Receives “Buy” Rating from Panmure Gordon

Panmure Gordon reissued their buy rating on shares of Babcock International Group (LON:BAB) in a research report released on Tuesday, November 21st. The brokerage currently has a GBX 1,000 ($13.46) price target on the stock.

Other equities research analysts have also recently issued reports about the company. Liberum Capital reiterated a buy rating and issued a GBX 1,100 ($14.80) price target on shares of Babcock International Group in a research note on Wednesday, September 20th. Shore Capital restated a buy rating on shares of Babcock International Group in a research note on Friday, November 17th. J P Morgan Chase & Co reaffirmed an overweight rating and set a GBX 1,365 ($18.37) target price on shares of Babcock International Group in a report on Thursday, September 21st. Peel Hunt reaffirmed a buy rating and set a GBX 1,085 ($14.60) target price on shares of Babcock International Group in a report on Tuesday, November 21st. Finally, Morgan Stanley reissued an overweight rating and issued a GBX 975 ($13.12) price objective on shares of Babcock International Group in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 1,010 ($13.59).

Babcock International Group (BAB) traded up GBX 1.50 ($0.02) on Tuesday, hitting GBX 678 ($9.13). The stock had a trading volume of 2,839,751 shares, compared to its average volume of 2,920,000. Babcock International Group has a fifty-two week low of GBX 657 ($8.84) and a fifty-two week high of GBX 1,030 ($13.86).

The firm also recently announced a dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, December 7th will be given a GBX 6.85 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a yield of 1.03%.

In other news, insider Mike Turner acquired 9,500 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were purchased at an average price of GBX 673 ($9.06) per share, for a total transaction of £63,935 ($86,049.80).

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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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