Barclays upgraded shares of Babcock International Group (LON:BAB – Free Report) to an overweight rating in a research note issued to investors on Friday morning, Marketbeat reports. The brokerage currently has GBX 529 ($6.62) target price on the stock, up from their previous target price of GBX 325 ($4.07).
BAB has been the subject of a number of other reports. Bank of America began coverage on Babcock International Group in a report on Monday, September 11th. They set a buy rating and a GBX 585 ($7.32) price objective for the company. Jefferies Financial Group reissued a buy rating and set a GBX 550 ($6.88) price target on shares of Babcock International Group in a research report on Wednesday, November 15th. Berenberg Bank reissued a buy rating and set a GBX 450 ($5.63) price target on shares of Babcock International Group in a research report on Tuesday, November 14th. Finally, Shore Capital reaffirmed a buy rating on shares of Babcock International Group in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Babcock International Group presently has an average rating of Moderate Buy and a consensus price target of GBX 492.67 ($6.16).
Babcock International Group Stock Down 0.8 %
Babcock International Group Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, January 19th. Investors of record on Thursday, November 23rd will be given a GBX 1.70 ($0.02) dividend. The ex-dividend date is Thursday, November 23rd. This represents a dividend yield of 0.42%. Babcock International Group’s dividend payout ratio (DPR) is presently -42,857.14%.
About Babcock International Group
Babcock International Group PLC, together with its subsidiaries, provides value-add services for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally. The company operates through four segments: Marine, Nuclear, Land, and Aviation.
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