Trade Report: The Jefferies Group Cuts Babcock International Group PLC (BAB) Price Target to GBX 1,280

The Jefferies Group Cuts Babcock International Group PLC (BAB) Price Target to GBX 1,280

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%.

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