Babcock International Group (BAB) Rating Reiterated by Shore Capital

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Shore Capital reissued their buy rating on shares of Babcock International Group (LON:BAB) in a research report released on Wednesday morning, ThisIsMoney.Co.Uk reports.

Other equities research analysts also recently issued reports about the stock. Peel Hunt raised shares of Babcock International Group to an add rating and increased their price objective for the company from GBX 540 ($7.06) to GBX 578 ($7.55) in a research report on Tuesday, January 22nd. Liberum Capital reissued a buy rating on shares of Babcock International Group in a research report on Thursday, March 14th. Numis Securities reissued a buy rating and issued a GBX 780 ($10.19) price objective on shares of Babcock International Group in a research report on Tuesday, February 5th. Finally, Jefferies Financial Group dropped their price objective on shares of Babcock International Group from GBX 950 ($12.41) to GBX 900 ($11.76) and set a buy rating on the stock in a research report on Tuesday, April 9th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Babcock International Group presently has an average rating of Hold and a consensus target price of GBX 680.89 ($8.90).

Shares of LON:BAB opened at GBX 460 ($6.01) on Wednesday. Babcock International Group has a 52 week low of GBX 471.90 ($6.17) and a 52 week high of GBX 868 ($11.34). The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 58.28. The company has a market capitalization of $2.32 billion and a price-to-earnings ratio of 9.68.

The business also recently announced a dividend, which will be paid on Friday, August 9th. Stockholders of record on Thursday, July 4th will be issued a GBX 22.90 ($0.30) dividend. This is a boost from Babcock International Group’s previous dividend of $7.10. The ex-dividend date of this dividend is Thursday, July 4th. This represents a dividend yield of 4.86%. Babcock International Group’s dividend payout ratio is presently 0.63%.

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.

Further Reading: Calculating net profit and net profit margin ratio

Analyst Recommendations for Babcock International Group (LON:BAB)

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