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Home / Stocks and Markets at Lows / Babcock International (BAB.L) 25-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Babcock International (BAB.L) 25-02-20

Babcock International (BAB.L) has dropped from highs of 646.6p. Will it continue, or could you pick up a bargain?

 

  • Now trading at 474.1p (at time of writing). A return to period highs would mean a rise of 36%.
  • This shares are amongst the most significant fallers in the period.
  • Markets constantly over-react to adverse news. Traders should consider whether the fall is reasonable, or is this another over-reaction?
  • Bargain hunters should be mindful of the underlying fundamentals.
  • Shares -26% from 12-month highs; +13% from 12 month lows.

Latest News

13 Feb:  JP Morgan Cazenove reiterates its neutral rating on Babcock International Group (BAB) and reduced the target price to 549p (from 557p).

 

12 Feb:  Babcock International marginally raised its earnings guidance for the full year, though it warned of an £85m exceptional write-down.

05 Feb:  Babcock International, the defence contractor,  announced that Archie Bethel (CEO)  would step down after 16 years in the role.  He will remain in the role until a replacement has been identified.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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