Babcock International Group (LON:BAB) had its price target trimmed by JPMorgan Chase & Co. from GBX 557 ($7.33) to GBX 549 ($7.22) in a report issued on Thursday, Stock Target Advisor reports. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Barclays reaffirmed an underweight rating on shares of Babcock International Group in a research note on Wednesday, November 27th. Shore Capital reaffirmed a buy rating on shares of Babcock International Group in a research note on Wednesday. Peel Hunt reaffirmed an add rating and issued a GBX 668 ($8.79) price target on shares of Babcock International Group in a research note on Wednesday. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 825 ($10.85) price target on shares of Babcock International Group in a research note on Wednesday, November 20th. Finally, Peel Hunt reaffirmed an add rating and issued a GBX 668 ($8.79) price target on shares of Babcock International Group in a research note on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 597 ($7.85).

BAB stock traded down GBX 14 ($0.18) during midday trading on Thursday, hitting GBX 500 ($6.58). The stock had a trading volume of 3,095,666 shares, compared to its average volume of 2,170,000. The firm has a market cap of $2.53 billion and a price-to-earnings ratio of 9.35. The business has a 50-day moving average of GBX 608.28 and a two-hundred day moving average of GBX 555.28. Babcock International Group has a 52-week low of GBX 410.10 ($5.39) and a 52-week high of GBX 659.80 ($8.68). The company has a debt-to-equity ratio of 85.12, a current ratio of 1.07 and a quick ratio of 0.93.

The business also recently announced a dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 5th were issued a GBX 7.20 ($0.09) dividend. This represents a yield of 1.33%. The ex-dividend date of this dividend was Thursday, December 5th. Babcock International Group’s dividend payout ratio (DPR) is 0.56%.

In related news, insider Ruth Cairnie bought 2,500 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were acquired at an average cost of GBX 521 ($6.85) per share, with a total value of £13,025 ($17,133.65). Also, insider Myles Lee bought 5,000 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was bought at an average cost of GBX 534 ($7.02) per share, for a total transaction of £26,700 ($35,122.34).

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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