Babcock International Group PLC (BAB) Insider Acquires £27,993.90 in Stock
Babcock International Group PLC (LON:BAB) insider Franco Martinelli acquired 2,994 shares of the firm’s stock in a transaction that occurred on Friday, November 25th. The stock was acquired at an average price of GBX 935 ($11.60) per share, with a total value of £27,993.90 ($34,727.58).
Babcock International Group PLC (LON:BAB) opened at 955.00 on Thursday. The firm’s 50-day moving average price is GBX 982.42 and its 200 day moving average price is GBX 1,000.59. The company’s market cap is GBX 4.82 billion. Babcock International Group PLC has a 52-week low of GBX 780.00 and a 52-week high of GBX 1,112.00.
The company also recently disclosed a dividend, which will be paid on Monday, January 16th. Stockholders of record on Thursday, December 8th will be issued a dividend of GBX 6.50 ($0.08) per share. The ex-dividend date of this dividend is Thursday, December 8th. This represents a dividend yield of 0.69%.
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Several equities analysts recently issued reports on the company. Deutsche Bank AG reiterated a “buy” rating on shares of Babcock International Group PLC in a research report on Thursday, November 24th. BNP Paribas reaffirmed a “neutral” rating and set a GBX 1,050 ($13.03) price target on shares of Babcock International Group PLC in a research report on Monday, October 10th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,440 ($17.86) price target on shares of Babcock International Group PLC in a research report on Wednesday, October 19th. Jefferies Group reduced their price target on Babcock International Group PLC from GBX 1,330 ($16.50) to GBX 1,280 ($15.88) and set a “buy” rating for the company in a research report on Monday. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 1,121 ($13.91) price target on shares of Babcock International Group PLC in a research report on Friday, October 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 1,169.92 ($14.51).
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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