Todays Report: Today, Babcock International Group PLC (BAB) Price Target Cut to GBX 1,280 by Analysts at Jefferies Group

Today, Babcock International Group PLC (BAB) Price Target Cut to GBX 1,280 by Analysts at Jefferies Group

Babcock International Group PLC (LON:BAB) had its price objective trimmed by Jefferies Group from GBX 1,330 ($16.50) to GBX 1,280 ($15.88) in a research report released on Monday. The firm currently has a buy rating on the stock.

Several other brokerages have also issued reports on BAB. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 1,440 ($17.86) target price on shares of Babcock International Group PLC in a research note on Wednesday, November 23rd. Panmure Gordon restated a buy rating and issued a GBX 1,108 ($13.75) target price on shares of Babcock International Group PLC in a research note on Tuesday, November 22nd. BNP Paribas restated a neutral rating and issued a GBX 1,050 ($13.03) target price on shares of Babcock International Group PLC in a research note on Monday, November 21st. Credit Suisse Group AG restated a neutral rating and issued a GBX 1,080 ($13.40) target price on shares of Babcock International Group PLC in a research note on Thursday, September 29th. Finally, Peel Hunt restated a buy rating and issued a GBX 1,121 ($13.91) target price on shares of Babcock International Group PLC in a research note on Tuesday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average price target of GBX 1,169.92 ($14.51).

Shares of Babcock International Group PLC (LON:BAB) opened at 941.50 on Monday. Babcock International Group PLC has a 12 month low of GBX 780.00 and a 12 month high of GBX 1,112.00. The company’s market capitalization is GBX 4.74 billion. The company’s 50 day moving average price is GBX 982.42 and its 200 day moving average price is GBX 1,000.59.

The company also recently declared a dividend, which will be paid on Monday, January 16th. Shareholders of record on Thursday, December 8th will be paid a dividend of GBX 6.50 ($0.08) per share. This represents a yield of 0.69%. The ex-dividend date of this dividend is Thursday, December 8th.

In other news, insider Franco Martinelli purchased 2,994 shares of the company’s stock in a transaction on Friday, November 25th. The stock was purchased at an average price of GBX 935 ($11.60) per share, with a total value of £27,993.90 ($34,727.58).

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