Babcock International Group (BAB) Cut to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Babcock International Group (LON:BAB) to a neutral rating in a report released on Wednesday, ThisIsMoney.Co.Uk reports. They currently have GBX 557 ($7.28) price target on the stock, down from their prior price target of GBX 772 ($10.09).

A number of other brokerages also recently issued reports on BAB. Peel Hunt downgraded Babcock International Group to a hold rating and dropped their price objective for the company from GBX 578 ($7.55) to GBX 461 ($6.02) in a research note on Wednesday. Shore Capital reissued a buy rating on shares of Babcock International Group in a research note on Wednesday. Numis Securities reissued a buy rating and issued a GBX 780 ($10.19) price objective on shares of Babcock International Group in a research note on Tuesday, February 5th. Jefferies Financial Group dropped their price objective on Babcock International Group from GBX 950 ($12.41) to GBX 900 ($11.76) and set a buy rating on the stock in a research note on Tuesday, April 9th. Finally, Liberum Capital reissued a buy rating on shares of Babcock International Group in a research note on Tuesday, February 26th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 680.89 ($8.90).

Shares of LON:BAB opened at GBX 460 ($6.01) on Wednesday. The stock has a market capitalization of $2.32 billion and a PE ratio of 9.68. The company has a debt-to-equity ratio of 58.28, a quick ratio of 0.98 and a current ratio of 1.09. Babcock International Group has a 1 year low of GBX 471.90 ($6.17) and a 1 year high of GBX 868 ($11.34).

The company also recently announced a dividend, which will be paid on Friday, August 9th. Investors of record on Thursday, July 4th will be given a GBX 22.90 ($0.30) dividend. This represents a yield of 4.86%. This is a positive change from Babcock International Group’s previous dividend of $7.10. The ex-dividend date of this dividend is Thursday, July 4th. Babcock International Group’s 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.

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Analyst Recommendations for Babcock International Group (LON:BAB)

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