Babcock International Group (LON:BAB) Downgraded by Numis Securities to “Add”

Numis Securities downgraded shares of Babcock International Group (LON:BAB) to an add rating in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

A number of other research firms have also commented on BAB. Shore Capital reaffirmed a buy rating on shares of Babcock International Group in a research note on Tuesday, February 26th. Liberum Capital reaffirmed a buy rating on shares of Babcock International Group in a research note on Tuesday, February 26th. Peel Hunt reaffirmed an add rating on shares of Babcock International Group in a research note on Tuesday, February 26th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Babcock International Group in a research note on Wednesday, May 15th. Finally, Jefferies Financial Group decreased their price objective on Babcock International Group from GBX 950 ($12.41) to GBX 900 ($11.76) and set a buy rating on the stock in a research note on Tuesday, April 9th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of GBX 621.44 ($8.12).

Babcock International Group stock opened at GBX 464.60 ($6.07) on Friday. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 48.99. The firm has a market capitalization of $2.34 billion and a price-to-earnings ratio of 11.79. Babcock International Group has a fifty-two week low of GBX 410.10 ($5.36) and a fifty-two week high of GBX 860.40 ($11.24).



The business 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. The ex-dividend date is Thursday, July 4th. This represents a dividend yield of 4.86%. This is a positive change from Babcock International Group’s previous dividend of $7.10. Babcock International Group’s dividend payout ratio (DPR) is presently 0.76%.

In other Babcock International Group news, insider Myles Lee purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were purchased at an average cost of GBX 481 ($6.29) per share, with a total value of £24,050 ($31,425.58).

Babcock International Group Company Profile

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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