Babcock International Group PLC (LON:BAB – Get Rating) has earned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that […]
Babcock International Group (LON:BAB – Get Rating) had its price objective hoisted by Barclays from GBX 352 ($4.72) to GBX 356 ($4.78) in a research report released on Monday morning, PriceTargets.com reports. The firm currently has an equal weight rating on the stock. BAB has been the topic of a number of other research reports. […]
15 January 2021 | 07:33am
StockMarketWire.com - Defence company Babcock said underlying profit fell by more than a third in nine months to date as performance in the third quarter was hurt by ongoing weakness in its civil aviation businesses and the pandemic impact.
The company also said it had got its review of its balance sheet and contract profitability underway, with early indications flagged negative financial impacts for the current and future years.
Underlying operating profit in the nine months year-to-date was £202 million, down 34% from £320 million, amid a negative impact from civil nuclear insourcing, COVID-19 and civil aviation, the company said.
15 January 2021 | 09:17am
StockMarketWire.com - The FTSE 100 opened lower this morning over fears the UK is on the brink of a double-dip recession after official figures confirmed a slump in November.
The Office for National Statistics said that GDP fell 2.6% in November as the second wave of the Covid-19 pandemic took hold.
At 0845 GMT the benchmark index was down 41.12 points, or 0.60% to 6,760.84.
Engineering and industrial software company Aveva said revenue increased about 1.5% in the nine months to 31 December 2020, underpinned by a contract renewals in the final quarter of the year.
Its shares rose 4.73% to £37.25.
Tobacco giant British American Tobacco said the Serious Fraud Office had ended its probe into suspicions of corruption activity carried out by the company. The SFO would not be taking no further action, and the company said it was pleased the investigation, launched on 1 August 2017, had been discontinued.