Liberum Capital reaffirmed their hold rating on shares of Babcock International Group (LON:BAB) in a research note released on Wednesday morning, Digital Look reports. They currently have a GBX 900 ($11.76) target price on the stock.
Other analysts have also recently issued reports about the company. Shore Capital reissued a buy rating on shares of Babcock International Group in a research report on Wednesday, April 3rd. Peel Hunt reaffirmed an add rating on shares of Babcock International Group in a research report on Wednesday, April 3rd. Numis Securities reaffirmed a buy rating on shares of Babcock International Group in a research report on Thursday, May 16th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Babcock International Group in a research report on Wednesday, May 15th. Finally, Jefferies Financial Group lowered their price objective on Babcock International Group from GBX 950 ($12.41) to GBX 900 ($11.76) and set a buy rating on the stock in a research report on Tuesday, April 9th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 680.89 ($8.90).
Shares of BAB opened at GBX 460 ($6.01) on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 58.28. Babcock International Group has a 52 week low of GBX 471.90 ($6.17) and a 52 week high of GBX 868 ($11.34). The company has a market capitalization of $2.32 billion and a PE ratio of 9.68.
The business also recently announced a dividend, which will be paid on Friday, August 9th. Shareholders of record on Thursday, July 4th will be paid a dividend of GBX 22.90 ($0.30) per share. The ex-dividend date of this dividend is Thursday, July 4th. This is a positive change from Babcock International Group’s previous dividend of $7.10. This represents a yield of 4.86%. Babcock International Group’s payout ratio is currently 0.63%.
Babcock International Group Company Profile
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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