Babcock International Group (BAB)

Sector:

Defense and Aeronautics

Index:

FTSE 250

325.60p
   
  • Change Today:
      1.10p
  • 52 Week High: 380.20
  • 52 Week Low: 214.00
  • Currency: UK Pounds
  • Shares Issued: 505.60m
  • Volume: 474,562
  • Market Cap: £1,646.22m
  • RiskGrade: 290
  • Beta: 0.05

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 325.60p
Change Today 1.10p
% Change 0.34 %
52 Week High 380.20
52 Week Low 214.00
Volume 474,562
Shares Issued 505.60m
Market Cap £1,646.22m
Beta 0.05
RiskGrade 290

BAB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.34% below the market average74.34% below the market average74.34% below the market average74.34% below the market average74.34% 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
40.40% above the market average40.40% above the market average40.40% above the market average40.40% above the market average40.40% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Income
62.97% below the market average62.97% below the market average62.97% below the market average62.97% below the market average62.97% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Growth
48.42% below the market average48.42% below the market average48.42% below the market average48.42% below the market average48.42% 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

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 26-Jan-2022

Time Volume / Share Price
16:35 190,492 @ 325.60p
16:29 673 @ 324.87p
16:28 3 @ 325.00p
16:28 442 @ 325.00p
16:28 83 @ 325.00p

BAB Key Personnel

Chair Ruth Cairnie
CEO David Lockwood
CFO David Mellors

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