Babcock International Group plc (BAB) Insider Myles Lee Buys 5,000 Shares
Babcock International Group plc (LON:BAB) insider Myles Lee bought 5,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was purchased at an average price of GBX 678 ($9.13) per share, for a total transaction of £33,900 ($45,625.84).
Shares of Babcock International Group plc (LON:BAB) opened at GBX 661.34 ($8.90) on Friday. Babcock International Group plc has a twelve month low of GBX 657 ($8.84) and a twelve month high of GBX 1,030 ($13.86).
The business also recently disclosed a dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, December 7th will be issued a dividend of GBX 6.85 ($0.09) per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a dividend yield of 1.03%.
Several research firms have weighed in on BAB. Morgan Stanley lowered shares of Babcock International Group to an “equal weight” rating and cut their target price for the stock from GBX 975 ($13.12) to GBX 800 ($10.77) in a report on Friday, December 1st. Goldman Sachs Group reiterated a “buy” rating and issued a GBX 920 ($12.38) target price (down from GBX 1,330 ($17.90)) on shares of Babcock International Group in a report on Thursday, November 30th. 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 report on Thursday, August 17th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 1,365 ($18.37) target price on shares of Babcock International Group in a report on Friday, November 17th. Finally, Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a report on Friday, November 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Babcock International Group currently has a consensus rating of “Buy” and an average target price of GBX 1,010 ($13.59).
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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.
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