Babcock International Group (LON:BAB) Earns “Buy” Rating from Liberum Capital

Liberum Capital restated their buy rating on shares of Babcock International Group (LON:BAB) in a research report report published on Wednesday, June 5th, ThisIsMoney.Co.Uk reports.

BAB has been the subject of several other reports. Goldman Sachs Group cut shares of Babcock International Group to a neutral rating and lowered their price objective for the company from GBX 850 ($11.11) to GBX 550 ($7.19) in a research report on Thursday, May 30th. Royal Bank of Canada lowered their price objective on shares of Babcock International Group from GBX 650 ($8.49) to GBX 550 ($7.19) and set a sector performer rating for the company in a research report on Thursday, May 30th. Numis Securities reissued an under review rating on shares of Babcock International Group in a research report on Thursday, May 30th. Peel Hunt reissued a hold rating on shares of Babcock International Group in a research report on Thursday, May 30th. Finally, Jefferies Financial Group lowered their price target on shares of Babcock International Group from GBX 900 ($11.76) to GBX 825 ($10.78) and set a buy rating for the company in a research report on Tuesday, May 28th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 621.44 ($8.12).

Shares of BAB stock traded down GBX 5.10 ($0.07) during trading hours on Wednesday, reaching GBX 458.20 ($5.99). 2,424,874 shares of the stock were exchanged, compared to its average volume of 2,170,000. Babcock International Group has a 12-month low of GBX 410.10 ($5.36) and a 12-month high of GBX 813.60 ($10.63). The company has a debt-to-equity ratio of 48.99, a current ratio of 0.94 and a quick ratio of 0.72. The stock’s 50-day moving average is GBX 477.99. The company has a market cap of $2.32 billion and a price-to-earnings ratio of 11.63.

The company also recently disclosed a dividend, which will be paid on Friday, August 9th. Investors of record on Thursday, July 4th will be paid a dividend of GBX 22.90 ($0.30) per share. This represents a dividend yield of 4.86%. The ex-dividend date is Thursday, July 4th. This is a positive change from Babcock International Group’s previous dividend of $7.10. Babcock International Group’s payout ratio is 0.76%.

In related news, insider Archie Bethel sold 13,466 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of GBX 480 ($6.27), for a total transaction of £64,636.80 ($84,459.43). Also, insider Myles Lee acquired 5,000 shares of Babcock International Group stock in a transaction that occurred on Wednesday, June 5th. The shares were purchased at an average price of GBX 481 ($6.29) per share, with a total value of £24,050 ($31,425.58).

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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Analyst Recommendations for Babcock International Group (LON:BAB)

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