Babcock International Group
BAB: 924.50 -3.00 (▼0.32%)
| 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
Intraday
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
Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com
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).
Story provided by StockMarketWire.com
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.
FTSE 100 RISERS AND FALLERS
UK armed forces support services provider Babcock (BAB) slumped as it posted slower organic growth within an otherwise in-line update.
FTSE 250 RISERS AND FALLERS
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SMALL CAP RISERS AND FALLERS
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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.
Story provided by StockMarketWire.com
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
Story provided by StockMarketWire.com
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).
Story provided by StockMarketWire.com
