The Panmure Gordon Reaffirmed “Buy” Rating for Babcock International Group PLC (BAB)

The Panmure Gordon Reaffirmed “Buy” Rating for Babcock International Group PLC (BAB)

Panmure Gordon reiterated their buy rating on shares of Babcock International Group PLC (LON:BAB) in a report issued on Tuesday morning. Panmure Gordon currently has a GBX 1,108 ($13.84) price objective on the stock.

A number of other brokerages also recently issued reports on BAB. Goldman Sachs Group Inc. reissued a conviction-buy rating and set a GBX 1,480 ($18.49) price objective on shares of Babcock International Group PLC in a research report on Thursday, September 8th. Shore Capital reissued a buy rating on shares of Babcock International Group PLC in a research report on Thursday, September 29th. Credit Suisse Group AG reissued a neutral rating and set a GBX 1,080 ($13.49) price objective on shares of Babcock International Group PLC in a research report on Thursday, September 29th. Liberum Capital boosted their price objective on shares of Babcock International Group PLC from GBX 900 ($11.24) to GBX 1,050 ($13.12) and gave the company a hold rating in a research report on Thursday, September 29th. Finally, BNP Paribas reissued a neutral rating and set a GBX 1,050 ($13.12) price objective on shares of Babcock International Group PLC in a research report on Monday, September 26th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of GBX 1,169.92 ($14.62).

Shares of Babcock International Group PLC (LON:BAB) opened at 937.7846 on Tuesday. Babcock International Group PLC has a 52-week low of GBX 780.00 and a 52-week high of GBX 1,112.00. The stock’s market cap is GBX 4.73 billion. The firm’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. Stockholders of record on Thursday, December 8th will be given a dividend of GBX 6.50 ($0.08) per share. This represents a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, December 8th.

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