Babcock International Group (LON:BAB) had its target price cut by Credit Suisse Group from GBX 925 ($12.37) to GBX 750 ($10.03) in a research report sent to investors on Wednesday morning. They currently have a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Liberum Capital restated a buy rating and issued a GBX 1,100 ($14.71) price target on shares of Babcock International Group in a research report on Friday, November 10th. Peel Hunt restated a buy rating and issued a GBX 1,085 ($14.51) price target on shares of Babcock International Group in a research report on Wednesday, September 20th. Shore Capital restated a buy rating on shares of Babcock International Group in a research report on Friday, November 17th. Panmure Gordon restated a buy rating and issued a GBX 1,000 ($13.37) price target on shares of Babcock International Group in a research report on Tuesday, November 21st. Finally, Goldman Sachs Group restated a buy rating and issued a GBX 920 ($12.30) price target (down previously from GBX 1,330 ($17.78)) on shares of Babcock International Group in a research report on Thursday, November 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of GBX 963.73 ($12.89).

Babcock International Group (BAB) traded down GBX 6.60 ($0.09) during mid-day trading on Wednesday, hitting GBX 711.40 ($9.51). 1,276,676 shares of the stock traded hands, compared to its average volume of 3,220,000. Babcock International Group has a 1 year low of GBX 651 ($8.70) and a 1 year high of GBX 1,030 ($13.77). The stock has a market capitalization of $3,600.00 and a P/E ratio of 1,111.56.

The firm also recently declared a dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, December 7th will be given a GBX 6.85 ($0.09) dividend. This represents a yield of 1.03%. The ex-dividend date of this dividend is Thursday, December 7th.

In other news, insider Mike Turner acquired 9,500 shares of the business’s stock in a transaction on Monday, November 27th. The shares were acquired at an average price of GBX 673 ($9.00) per share, for a total transaction of £63,935 ($85,486.03). Also, insider Myles Lee acquired 5,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were purchased at an average price of GBX 678 ($9.07) per share, for a total transaction of £33,900 ($45,326.92).

COPYRIGHT VIOLATION NOTICE: This piece was posted by Daily Political and is owned by of Daily Political. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.dailypolitical.com/2018/01/04/babcock-international-group-bab-given-new-gbx-750-price-target-at-credit-suisse-group.html.

Babcock International Group Company Profile

Babcock International Group PLC is a holding company. The Company provides engineering services. Its segments include Marine and Technology, Defence and Security, Support Services and International. The Marine and Technology segment delivers support to the United Kingdom Royal Navy’s submarines, naval ships and infrastructure.

Analyst Recommendations for Babcock International Group (LON:BAB)

Receive News & Ratings for Babcock International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Babcock International Group and related companies with MarketBeat.com's FREE daily email newsletter.