Babcock International Group PLC (LON:BAB) had its price objective reduced by equities researchers at Jefferies Group from GBX 1,330 ($16.50) to GBX 1,280 ($15.88) in a report issued on Monday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 35.09% from the company’s previous close.

Other equities analysts have also issued reports about the company. BNP Paribas restated a “neutral” rating and set a GBX 1,050 ($13.03) price target on shares of Babcock International Group PLC in a research note on Monday, August 8th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,440 ($17.86) price target on shares of Babcock International Group PLC in a research note on Wednesday, November 23rd. Goldman Sachs Group Inc. restated a “conviction-buy” rating and set a GBX 1,480 ($18.36) price target on shares of Babcock International Group PLC in a research note on Thursday, September 8th. Peel Hunt restated a “buy” rating and set a GBX 1,121 ($13.91) price target on shares of Babcock International Group PLC in a research note on Tuesday, November 22nd. Finally, Panmure Gordon restated a “buy” rating and set a GBX 1,108 ($13.75) price target on shares of Babcock International Group PLC in a research note on Tuesday, November 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Babcock International Group PLC currently has an average rating of “Buy” and a consensus price target of GBX 1,169.92 ($14.51).

Analyst Recommendations for Babcock International Group PLC (LON:BAB)

Babcock International Group PLC (LON:BAB) opened at 950.00 on Monday. The stock’s 50 day moving average price is GBX 982.42 and its 200 day moving average price is GBX 1,000.59. The firm’s market capitalization is GBX 4.79 billion. Babcock International Group PLC has a 12 month low of GBX 780.00 and a 12 month high of GBX 1,112.00.

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

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In other Babcock International Group PLC news, insider Franco Martinelli bought 2,994 shares of Babcock International Group PLC stock in a transaction dated Friday, November 25th. The shares were acquired at an average cost of GBX 935 ($11.60) per share, with a total value of £27,993.90 ($34,727.58).

Babcock International Group PLC Company Profile

Babcock International Group PLC is a holding company. The Company is an engineering support services company. The Company offers support to the defense, energy, emergency services, transport and education sectors. Its segments include Marine and Technology, Defence and Security, Support Services and International.

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