Babcock International Group (BAB)

Sector:

Defense and Aeronautics

Index:

FTSE 250

510.50p
   
  • Change Today:
    -6.00p
  • 52 Week High: 533.00
  • 52 Week Low: 269.00
  • Currency: UK Pounds
  • Shares Issued: 505.60m
  • Volume: 577,428
  • Market Cap: £2,581.07m
  • RiskGrade: 290

Barclays upgrades Babcock to 'overweight'

By Michele Maatouk

Date: Friday 27 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Barclays upgraded Babcock to 'overweight' from 'equalweight' on Friday, lifting the price target to 424p from 315p.
The bank said that following the FY20 restatement, £2bn impairment, accounting policy changes and forthcoming disposal proceeds to mitigate balance sheet risk, Babcock looks set to generate meaningful cash flow from 2024, "returning as an attractive income play".

"An active M&A environment has reduced investor options for UK Aerospace & Defence exposure (Cobham, Ultra Electronics, Meggitt), and Babcock may therefore benefit from new inflows as it executes its new strategic roadmap."

At 0925 BST, the shares were up 0.5% at 374.80p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BAB Market Data

Currency UK Pounds
Share Price 510.50p
Change Today -6.00p
% Change -1.16 %
52 Week High 533.00
52 Week Low 269.00
Volume 577,428
Shares Issued 505.60m
Market Cap £2,581.07m
RiskGrade 290

BAB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.84% below the market average43.84% below the market average43.84% below the market average43.84% below the market average43.84% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Price Trend
93.69% above the market average93.69% above the market average93.69% above the market average93.69% above the market average93.69% above the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Income
58.7% below the market average58.7% below the market average58.7% below the market average58.7% below the market average58.7% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Growth
96.03% below the market average96.03% below the market average96.03% below the market average96.03% below the market average96.03% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 6
Buy 3
Neutral 1
Sell 0
Strong Sell 0
Total 10
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BAB Dividends

  Latest Previous
  Interim Interim
Ex-Div 23-Nov-23 05-Dec-19
Paid 19-Jan-24 17-Jan-20
Amount 1.70p 7.20p

Trades for 26-Apr-2024

Time Volume / Share Price
16:35 949 @ 510.50p
16:35 10,525 @ 510.50p
16:35 13,092 @ 510.50p
16:35 305,519 @ 510.50p
16:35 1,003 @ 510.50p

BAB Key Personnel

Chair Ruth Cairnie
CEO David Lockwood
CFO David Mellors

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