Babcock International Group plc (BAB) To Go Ex-Dividend on December 7th
Babcock International Group plc (LON:BAB) announced a dividend on Tuesday, November 21st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, December 7th will be given a dividend of GBX 6.85 ($0.09) per share on Tuesday, January 16th. This represents a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, December 7th. The official announcement can be viewed at this link.
Babcock International Group (LON:BAB) traded down GBX 1 ($0.01) during trading hours on Wednesday, hitting GBX 675.50 ($9.09). 763,297 shares of the stock traded hands, compared to its average volume of 2,920,000. Babcock International Group has a one year low of GBX 657 ($8.84) and a one year high of GBX 1,030 ($13.86).
In other Babcock International Group news, insider Mike Turner purchased 9,500 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were bought at an average price of GBX 673 ($9.06) per share, for a total transaction of £63,935 ($86,049.80).
A number of brokerages have weighed in on BAB. Credit Suisse Group cut their target price on shares of Babcock International Group from GBX 1,030 ($13.86) to GBX 925 ($12.45) and set a “neutral” rating on the stock in a research report on Thursday, August 17th. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,365 ($18.37) target price on shares of Babcock International Group in a research report on Thursday, September 21st. Morgan Stanley cut their target price on shares of Babcock International Group from GBX 1,110 ($14.94) to GBX 975 ($13.12) and set an “overweight” rating on the stock in a research report on Thursday, September 28th. Liberum Capital restated a “buy” rating on shares of Babcock International Group in a research report on Thursday, September 7th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 1,085 ($14.60) target price on shares of Babcock International Group in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Babcock International Group currently has an average rating of “Buy” and an average target price of GBX 1,010 ($13.59).
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About Babcock International Group
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.
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