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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.

Share Price:
Up 307.80p
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.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

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

Compare performance with the sector and the market.

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Value
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Income
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Growth
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Price Chg 6m
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P/E
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PEG
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Dividend Yield
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EPS Growth
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Operating Margin
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sector
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What The Brokers Say

Strong Buy 3
Buy 0
Neutral 6
Sell 0
Strong Sell 3
Total 12
neutral
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 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