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Prices & Quotes - UK Markets - Babcock International Group (BAB)
Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.
- Change Today:
-
0.100p
- Market Cap:
- £1,556.23m
- Sector:
- Aerospace and Defence
Barclays downgrades Babcock, says capital raise likely
By Michele Maatouk
Date: Wednesday 27 Jan 2021
LONDON (ShareCast) - (Sharecast News) - Defence contractor Babcock tumbled on Wednesday after Barclays downgraded the stock to 'underweight' from 'overweight' and slashed the price target to 145p from 347p as it said a capital raise was likely.
The bank said risk overhang is likely to discourage investors near term on a relative basis.
"In our view, uncertainties such as outlook/balance sheet/earnings reset, as well as the absence of guidance, will prevent many investors entering or holding the shares near term despite an optically attractive valuation," it said.
It noted that Babcock has "material" debt, leaving the equity value highly sensitive to free cash flow generation.
The bank cut its FY21/22/23 earnings per share estimates by 35%/35%/24% and said it was "materially lower" than consensus free cash flow.
At 0825 GMT, the shares were down 7.4% at 201.19p.
BAB Market Data
Currency | UK Pounds |
Price | 307.80p |
Change Today | 0.100p |
52 Week High | 448.70p |
52 Week Low | 199.00p |
Volume | 1,177,064 |
Shares Issued | 505.60m |
Market Cap | £1,556.23m |
Beta | 0.05 |
Performance Indicators
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What The Brokers Say
Strong Buy | 3 |
Buy | 0 |
Neutral | 6 |
Sell | 0 |
Strong Sell | 3 |
Total | 12 |

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 16-Apr-2021
Time | Volume / Share Price |
17:06 | 10,000 @ 307.80p |
16:45 | 947 @ 308.70p |
16:45 | 947 @ 308.70p |
16:35 | 285,595 @ 307.80p |
16:29 | 125 @ 308.70p |
BAB Key Personnel
Chair | Ruth Cairnie |
CEO | David Lockwood |
CFO | David Mellors |