Babcock International Group

BAB: 924.50 -3.00 (▼0.32%)

Delayed:2016-12-12 12:28:04
Bid Price 924.00 High Price 928.51
Ask Price 925.00 Low Price 919.50
Open Price 928.00 Spread 0.11%
Prev Close 927.50 Volume 432,038.00

Babcock International Group Share Price Chart


Historic – 1 year

Babcock International Group Share Price Information

Name Babcock International Group Epic BAB
Sector Support Services ISIN GB0009697037
Activites Babcock International Group plc is a leading engineering support services organisation with revenue of circa £3bn in 2010 and an order book in excess of £12 billion. Defence, energy, telecommunications, transport and education are all sectors where Babcock can be found working diligently behind the scenes, delivering critical support. Security Type Equity

Key numbers

Latest Share Price (p) 924.50 Net Gearing (%) 55.23
Market Cap (£m) 4,742.50 Gross Gearing (%) 58.51
Shares in issue (m) 505.60 Debt Ratio 45.28
P/E Ratio 16.46 Debt-to-Equity Ratio 0.59
Divs per share (p) 25.80 Assets / Equity Ratio 2.41
Dividend Yield (%) 2.80 Price to book value 2.01
Dividend Cover 1.86 SROCE (%) 7.67
Earning per share (p) 57.00 EPS Growth (%) 7.75
52-week high / low (p) 1,212.50 / 780.00 DPS Growth (%) 9.32

Babcock International Group Broker Views

Date Broker Rec. Price Old target price New target price Notes
05 Dec Exane BNP Paribas Neutral 924.50 1050.00 1050.00 Reiterates
28 Nov Jefferies International Buy 924.50 1330.00 1280.00 Reiterates
23 Nov JP Morgan Cazenove Overweight 924.50 1440.00 1440.00 Reiterates
23 Nov Deutsche Bank Buy 924.50 Reiterates
22 Nov Panmure Gordon Buy 924.50 1108.00 1108.00 Reiterates

Babcock International Group Director Deals

Date Director Type Volume / Price Trade Value
28 Nov 2016 Franco Martinelli Buy 5345 @ 935.18p £49,985.37
16 Aug 2016 Jeff Randall Dividend Reinvestment 78 @ 1020.28p £795.82
28 Jun 2016 Myles Lee Buy 3000 @ 868.70p £26,061.00
22 Jun 2016 Franco Martinelli Sale Post-Exercise 21183 @ 997.10p £211,215.69
22 Jun 2016 Franco Martinelli Exercise 44934 @ 0.00p £0.00
22 Jun 2016 Archie Bethel Sale Post-Exercise 35667 @ 997.10p £355,635.66
22 Jun 2016 Archie Bethel Exercise 75675 @ 0.00p £0.00
20 Jun 2016 John Davies Sale Post-Exercise 34759 @ 975.25p £338,987.15
20 Jun 2016 John Davies Exercise 73747 @ 0.00p £0.00
17 Jun 2016 Peter Rogers Sale Post-Exercise 72208 @ 966.75p £698,070.84
17 Jun 2016 Peter Rogers Exercise 160037 @ 0.00p £0.00
14 Jun 2016 William Tame Sale Post-Exercise 38373 @ 1001.60p £384,343.97
14 Jun 2016 William Tame Exercise 81417 @ 0.00p £0.00

Babcock International Group Company News

Director Deals – Babcock International Group PLC (BAB)

Franco Martinelli, Financial Director, bought 5,345 shares in the company on the 25th November 2016 at a price of 935.18p. The Director now holds 292,210 shares.

NOTE: Average price

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Broker Forecast – Jefferies International issues a broker note on Babcock International Group PLC

Jefferies International today reaffirms its buy investment rating on Babcock International Group PLC (LON:BAB) and cut its price target to 1280p (from 1330p).

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Stronger commodity prices bolster FTSE

The FTSE 100 closed 0.6% higher as robust commodities markets boosted miners, including Anglo American (AAL) and Glencore (GLEN).

Royal Bank of Scotland (RBS) and Standard Chartered (STAN) also rose 3% and 2.2% higher, respectively.

West Texas Intermediate (WTI) slid 1.2% to $47.64 and Brent crude oil fell 0.5% to $48.64 per barrel, respectively.

Gold nudged lower to $1,207 per ounce, while copper climbed over 1% to $5,599 per tonne.


UK armed forces support services provider Babcock (BAB) slumped as it posted slower organic growth within an otherwise in-line update.


Entertainment One (ETO) reported lower underlying EBITDA of £38m, down from £52m, which was blamed on increased theatrical investment in its films in the first half of the year.

BGEO (BGEO), the holding company of JSC Bank of Georgia, reported a 75% increase in third-quarter profit as a result of higher income in its banking and healthcare businesses. The stock traded 12% higher.

Flow control firm Rotork (ROR) was in positive territory on expectations that full year profit and revenue would benefit by 10% from a currency tailwind.


Construction equipment group Lavendon (LVD) soared 41.7% to 197p on a takeover approach. The 205p maximum offer was turned down by management in pursuit of a higher offer.

Shares in TomCo (TOM) plummeted 22% after it failed to secure the finance for its Makarie palm oil project in Sierra Leone and decided to suspend the project.

An earnings growth warning at professional services provider Charles Taylor (CTR) overshadowed news of its latest acquisition, causing the firm to trade 13.8% lower at 250p.

Insurance takeover specialist Chesnara (CSN) confirmed speculation that it hopes to seal a deal to buy British insurer Legal & General’s (LGEN) Dutch operations as talks were said to be at an advanced stage. Investors were unmoved by the deal as shares nudged higher in both firms.

Half year results provided engineering group Severfield (SFR) with a share price boost of 13.2% to 70.5p. Underlying pre-tax profit jumped 69% on flat revenues.

Walkie talkies tech firm Sepura (SEPU) continued to concern investors as it plunged into the red at the half year stage. Net debt was among the market’s worries, even though it declined more than €25m to €89.2m.

A discounted £640,000 cash call by mining minnow URU Metals (URU) sparked a 15.4% share price collapse to 0.46p, which valued the business at little more than £1.5m.

The volatile pound and ongoing Brexit worries dragged car seller Cambria Automobiles (CAMB) down despite impressive full year results. The stock fell 10.3% due to the uncertainty over new car sales going forward.

Full year results from electronics kit manufacturer Solid State (SOLI) failed to impress investors as the share price fell 5.3%. It reported a £14.8m order pipeline but the market focused on a decline in revenue and earnings.

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Babcock profits up

Babcock International’s underlying pre-tax profits rose by 7% to £228.4m in the six months to the end of September.

Revenues rose by 6% to £2,492.8m and operating profits were up 7% at £269.7m.

On a statutory basis, revenues were up 7% at £2,173.1m, operating profits rose by 5% to £165.6m and pre-tax profits increased by 12% to £163.5m.

Chief executive Archie Bethel said: “Babcock continues to perform; delivering growth in revenue, profit and earnings, and maintaining healthy levels of cash generation and conversion. The long-term visibility provided by our £20 billion order book and substantial pipeline of opportunities underpins our future growth.

“Our UK markets remain positive, with the Group well positioned for the significant future outsourcing opportunities expected from both our defence and civil customers, and we see growing international demand for our specialist and complex engineering support services. Despite slightly slower organic growth, the Board expects the full-year results to be in line with its expectations.

“We therefore remain confident of making good progress both this year and beyond.”

At 8:03am: (LON:BAB) Babcock International Group PLC share price was +6.25p at 997.25p

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Broker Forecast – Deutsche Bank issues a broker note on Babcock International Group PLC

Deutsche Bank today reaffirms its buy investment rating on Babcock International Group PLC (LON:BAB) and cut its price target to 1100p (from 1135p).

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