Babcock International Group (BAB)

Sector:

Defense and Aeronautics

Index:

FTSE 250

341.60p
   
  • Change Today:
    -3.50p
  • 52 Week High: 380.20
  • 52 Week Low: 199.00
  • Currency: UK Pounds
  • Shares Issued: 505.60m
  • Volume: 148,501
  • Market Cap: £1,727.12m
  • RiskGrade: 290
  • Beta: 0.00

Babcock to push forward on Ukrainian naval enhancement project

By Iain Gilbert

Date: Wednesday 23 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Engineering services company Babcock has signed a tripartite memorandum of implementation in Odesa with the Ministry of Defence of Ukraine and the UK Government.
Babcock said on Wednesday that building on an agreement signed in October 2020, the two nations will now push forward a major programme of Ukrainian naval projects, with the FTSE 250-listed firm as their designated prime industrial partner.

"Reflecting Babcock's extensive naval experience and capabilities, the group has been chosen to lead in the delivery of the scope of the broad-ranging Ukrainian Naval Capabilities Enhancement Programme," said Babcock.

The London-based group said the programme includes the enhancement of capabilities on existing naval platforms, the delivery of new platforms, including fast attack missile craft, a modern frigate capability, shipborne armaments and the training of naval personnel. It will also work to regenerate Ukrainian shipyards.

Babcock chief executive David Lockwood said: "We are very proud to support Ukraine with their Naval Capabilities Enhancement Programme. This marks the beginning of a new international relationship for Babcock, bringing together our new ship capability, our infrastructure and support capability and our new strong relationship with the UK Government. I know that we can bring our collective experience and knowledge together to achieve some really great things.

"Our strengthened relationship with the UK Government has been instrumental in underpinning this significant agreement which is supported by UK Export finance and we continue to work with them on a number of international opportunities."

As of 0905 BST, Babcock shares were up 0.22% at 293.63p.

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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 341.60p
Change Today -3.50p
% Change -1.01 %
52 Week High 380.20
52 Week Low 199.00
Volume 148,501
Shares Issued 505.60m
Market Cap £1,727.12m
Beta 0.00
RiskGrade 290

BAB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.22% below the market average75.22% below the market average75.22% below the market average75.22% below the market average75.22% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Price Trend
36.53% above the market average36.53% above the market average36.53% above the market average36.53% above the market average36.53% above the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average
Income
63.29% below the market average63.29% below the market average63.29% below the market average63.29% below the market average63.29% 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
Growth
48.56% below the market average48.56% below the market average48.56% below the market average48.56% below the market average48.56% below the market average
57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 4
Sell 0
Strong Sell 1
Total 10
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 Final
Ex-Div 05-Dec-19 04-Jul-19
Paid 17-Jan-20 09-Aug-19
Amount 7.20p 22.90p

Trades for 18-Jan-2022

Time Volume / Share Price
12:52 9 @ 341.80p
12:50 300 @ 341.71p
12:47 276 @ 341.60p
12:46 686 @ 341.40p
12:46 394 @ 341.40p

BAB Key Personnel

Chair Ruth Cairnie
CEO David Lockwood
CFO David Mellors

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