Babcock International Group PLC (LON:BAB) had its price target reduced by research analysts at Jefferies Group from GBX 1,330 ($16.62) to GBX 1,280 ($15.99) in a report released on Monday. The firm presently has a “buy” rating on the stock. Jefferies Group’s target price points to a potential upside of 36.24% from the stock’s current price.
A number of other research firms have also recently commented on BAB. BNP Paribas reissued a “neutral” rating and set a GBX 1,050 ($13.12) price target on shares of Babcock International Group PLC in a report on Monday, September 26th. Deutsche Bank AG decreased their price target on Babcock International Group PLC from GBX 1,135 ($14.18) to GBX 1,100 ($13.74) and set a “buy” rating on the stock in a report on Friday, November 18th. JPMorgan Chase & Co. raised their price target on Babcock International Group PLC from GBX 1,427 ($17.83) to GBX 1,440 ($17.99) and gave the company an “overweight” rating in a report on Monday, October 3rd. Credit Suisse Group AG reissued a “neutral” rating and set a GBX 1,080 ($13.49) price target on shares of Babcock International Group PLC in a report on Thursday, September 29th. Finally, Shore Capital reissued a “buy” rating on shares of Babcock International Group PLC in a report on Thursday, September 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of GBX 1,169.92 ($14.62).
Shares of Babcock International Group PLC (LON:BAB) opened at 939.48688 on Monday. The stock’s market capitalization is GBX 4.73 billion. Babcock International Group PLC has a one year low of GBX 780.00 and a one year high of GBX 1,112.00. The company’s 50-day moving average price is GBX 985.24 and its 200 day moving average price is GBX 1,000.14.
The firm also recently announced a dividend, which will be paid on Monday, January 16th. Shareholders of record on Thursday, December 8th will be given a dividend of GBX 6.50 ($0.08) per share. The ex-dividend date of this dividend is Thursday, December 8th. This represents a dividend yield of 0.69%.