BAB – DirectorsTalk Interviews https://www.directorstalkinterviews.com LSE London Stock Exchange PLC Company Interviews Thu, 12 Sep 2019 06:30:42 +0000 en-GB hourly 1 https://wordpress.org/?v=5.2.3 Babcock International selected as preferred bidder for UK naval frigate programme https://www.directorstalkinterviews.com/babcock-international-selected-as-preferred-bidder-for-uk-naval-frigate-programme/412792705 Thu, 12 Sep 2019 06:30:39 +0000 https://www.directorstalkinterviews.com/?p=792705 Babcock Team 31, led by Babcock International Group PLC (LON:BAB), the Aerospace and Defence Company, has been selected by the UK Ministry of Defence as preferred bidder to deliver its newest fleet of warships. The Type 31 general-purpose frigate programme will provide the UK with a fleet of five ships, at an average production cost ...

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Babcock Team 31, led by Babcock International Group PLC (LON:BAB), the Aerospace and Defence Company, has been selected by the UK Ministry of Defence as preferred bidder to deliver its newest fleet of warships. The Type 31 general-purpose frigate programme will provide the UK with a fleet of five ships, at an average production cost of £250 million per ship.

Following a comprehensive competitive process, the UK Government has chosen Babcock’s Arrowhead 140, a capable, adaptable and technology-enabled global frigate.

Work on the fleet of five ships will begin immediately following formal contract award later this financial year, with detailed design work to start now and manufacture commencing in 2021 and concluding in 2027.

Archie Bethel, CEO Babcock International said:

“Driven by innovation and backed by experience and heritage, Arrowhead 140 is a modern warship that will meet the maritime threats of today and tomorrow, with British ingenuity and engineering at its core. It provides a flexible, adaptable platform that delivers value for money and supports the UK’s National Shipbuilding Strategy.

“Arrowhead 140 will offer the Royal Navy a new class of ship with a proven ability to deliver a range of peacekeeping, humanitarian and warfighting capabilities whilst offering communities and supply chains throughout the UK a wide range of economic and employment opportunities.”

The ships will be assembled at Babcock’s Rosyth facility, and involve supply chains throughout the UK, in line with the UK’s shipbuilding strategy. Babcock Team 31 will now enter into a period of detailed discussions with the MOD and supply chain, prior to formal contract award expected later this year.

This article Babcock International selected as preferred bidder for UK naval frigate programme was written by DirectorsTalk Interviews.


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Babcock International Group PLC Statement regarding media speculation https://www.directorstalkinterviews.com/babcock-international-group-plc-statement-regarding-media-speculation/412785179 Mon, 17 Jun 2019 06:29:34 +0000 https://www.directorstalkinterviews.com/?p=785179 Babcock International Group PLC (LON:BAB), the Aerospace and Defence business, today notes the media speculation in respect of a previous approach for the Company. Given that Babcock is currently undertaking an investor roadshow following its full-year results and capital markets day, the Company wishes to confirm that on 23 January 2019 it received an unsolicited ...

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Babcock International Group PLC (LON:BAB), the Aerospace and Defence business, today notes the media speculation in respect of a previous approach for the Company.

Given that Babcock is currently undertaking an investor roadshow following its full-year results and capital markets day, the Company wishes to confirm that on 23 January 2019 it received an unsolicited and highly preliminary proposal from Serco Group Plc regarding a potential all-share combination between the two companies and confirms that no further proposal has been received.

The Board of Babcock, together with its advisers, carefully considered the Proposal and unanimously rejected it, having concluded that a combination of the two companies had no strategic merit and was not in the best interests of Babcock’s shareholders, customers or wider stakeholders.

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Babcock International Group PLC Capital Markets Day https://www.directorstalkinterviews.com/babcock-international-group-plc-capital-markets-day/412784107 Wed, 05 Jun 2019 06:35:29 +0000 https://www.directorstalkinterviews.com/?p=784107 Babcock International Group PLC (LON:BAB), the aerospace and defence company, is today holding a Capital Markets Day in London. Babcock International Group is focused on three markets: Defence, Emergency Services and Civil Nuclear. Today’s presentations will show how the leadership positions we have in these markets are built on our core strengths: our technology and ...

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Babcock International Group PLC (LON:BAB), the aerospace and defence company, is today holding a Capital Markets Day in London.

Babcock International Group is focused on three markets: Defence, Emergency Services and Civil Nuclear. Today’s presentations will show how the leadership positions we have in these markets are built on our core strengths: our technology and expertise, owned infrastructure and assets and a successful operating model. Our strategy is to build on these positions to deliver for our customers, employees and shareholders over the medium term.

Financial targets

We announce today our medium term financial targets:

·      Earnings growth of 3% to 4% CAGR

·      Sustain margins at around 11%

·      Increase cash flows each year in line with earnings

·      Generate around £1.4 billion of free cash flow over the next five years

·      Continue to reduce net debt and increase flexibility

·      Improve ROIC

·      Sustainable dividend

These medium term targets relate to periods beyond the year ending 31 March 2020 and exclude the impact of the end of our Magnox and QEC contracts. Guidance for the Group for the year ended 31 March 2020 was set out in our full year results announcement on 22 May 2019 and remains unchanged.

Delivering medium term growth

We will set out today how we will deliver this growth across our sectors. In summary, we will:

·      Focus on three markets with strong leadership positions: Defence, Emergency Services and Civil Nuclear

·      Grow revenue from these markets from around 75% of group revenue today to over 85%

·      Develop and operate our adjacent businesses for value

·      Grow international revenue from 30% of group revenue today to over 40%

·      Develop multi-sector, multi-market opportunities in Australia, Canada, France and Spain

·      Embed technology as a core growth driver across all four sectors

·      Maintain our historical business win rates

Change to our Nuclear sector

We are today also announcing that our Naval Nuclear business, which was within our Marine sector, has been combined with Cavendish Nuclear to create a new Nuclear sector, under a single management team led by Simon Bowen. This optimises alignment with our primary customers in both the defence and civil nuclear areas and creates one nuclear business that will share resources and operate under the regulatory environment managed by the Office for Nuclear Regulation.

The restated results for the year ended 31 March 2019 are included in the notes to this announcement and further details have been published on our website this morning.

Capital Markets Day

The event will start at 10:00am and will be streamed live at: www.babcockinternational.com/investors. A replay and transcript will be made available after the event. The presentations will cover:

·      Strategy (Archie Bethel)

·      Technology (Jon Hall)

·      Marine (John Howie)

·      Nuclear (Simon Bowen)

·      Land (John Davies)

·      Aviation (Roger Hardy)

·      Business model (Franco Martinelli)

Sector highlights

During the day we will set out our strategy by sector.

In Marine, we will:

·      As the trusted partner to the Royal Navy, grow the UK defence business

·      Build on the longevity of key naval programmes both in the UK and internationally

·      Grow our technology systems, equipment management and consultancy capabilities in defence and adjacent markets

·      Continue to expand overseas in our target markets

·      Continue operational excellence to improve returns

We expect this to lead to revenue growth of around 4% CAGR for our Marine sector over the medium term.

In Nuclear, we will:

·      Grow our UK submarine business as the trusted partner to the Submarine Delivery Agency

·      In partnership with the Royal Navy, MOD and SDA, continue to develop strategic naval base infrastructure

·      Continue to develop improved in-service and long term sustainment in support of entire submarine fleet

·      Establish the FMSP contract as driver of continued productivity improvement and operating excellence

·      Build on the longevity of multiple programmes

·      Grow our UK civil nuclear business as a trusted partner to the NDA and EDF

·      Explore and develop civil nuclear international markets

·      Continue operational excellence to improve returns

We expect this to lead to revenue growth of around 4% CAGR for our Nuclear sector over the medium term.

In Land, we will:

·      Become the British Army’s strategic readiness partner as we continue to transform DSG and develop our training business

·      Build on opportunities in UK defence

·      Deliver international growth, primarily in Australia, and elsewhere as opportunities arise

·      Continue operational excellence to improve returns

·      Manage adjacent businesses for value as we continue to pursue attractive opportunities and enhance operating efficiency to deliver for customers

We expect this to lead to revenue growth of around 3% CAGR for our Land sector over the medium term.

In Aviation, we will:

·      Become the largest aerial emergency services provider in the world as we grow share in established countries and enter new countries and regions

·      Develop our defence business in existing and new international markets to become a recognised world leader in flight training and a leader in maintenance, repair and overhaul

·      Build on our significant pipeline of opportunities

·      Continue operational excellence, including optimising our aircraft fleet, to improve returns

We expect this to lead to revenue growth of around 5% CAGR for our Aviation sector over the medium term.

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Babcock International Group PLC 22.2% Potential Upside Indicated by RBC Capital Markets https://www.directorstalkinterviews.com/babcock-international-group-plc-22-2-potential-upside-indicated-by-rbc-capital-markets/412783828 Thu, 30 May 2019 09:39:41 +0000 https://www.directorstalkinterviews.com/?p=783828 Babcock International Group PLC with EPIC/TICKER (LON:BAB) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘SECTOR PERFORMER’ today by analysts at RBC Capital Markets. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. RBC Capital Markets have set a target price of 550 GBX ...

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Babcock International Group PLC with EPIC/TICKER (LON:BAB) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘SECTOR PERFORMER’ today by analysts at RBC Capital Markets. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. RBC Capital Markets have set a target price of 550 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 22.2% from today’s opening price of 450 GBX. Over the last 30 and 90 trading days the company share price has decreased 75 points and decreased 93.4 points respectively. The 1 year high for the share price is 868 GBX while the 52 week low for the share price is 410.1 GBX.

Babcock International Group PLC has a 50 day moving average of 514.44 GBX and a 200 Day Moving Average share price is recorded at 579.20. There are currently 505,596,597 shares in issue with the average daily volume traded being 3,441,075. Market capitalisation for LON:BAB is £2,275,184,686 GBP.

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Babcock International Group PLC 22.2% Potential Upside Indicated by Goldman Sachs https://www.directorstalkinterviews.com/babcock-international-group-plc-22-2-potential-upside-indicated-by-goldman-sachs/412783829 Thu, 30 May 2019 09:32:18 +0000 https://www.directorstalkinterviews.com/?p=783829 Babcock International Group PLC with EPIC/TICKER (LON:BAB) had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘NEUTRAL’ this morning by analysts at Goldman Sachs. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. Goldman Sachs have set their target price at 550 GBX on its stock. ...

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Babcock International Group PLC with EPIC/TICKER (LON:BAB) had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘NEUTRAL’ this morning by analysts at Goldman Sachs. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. Goldman Sachs have set their target price at 550 GBX on its stock. This indicates the analyst now believes there is a potential upside of 22.2% from the opening price of 450 GBX. Over the last 30 and 90 trading days the company share price has decreased 75 points and decreased 93.4 points respectively. The 52 week high share price is 868 GBX while the 52 week low is 410.1 GBX.

Babcock International Group PLC has a 50 day moving average of 514.44 GBX and a 200 day moving average of 579.20. There are currently 505,596,597 shares in issue with the average daily volume traded being 3,441,075. Market capitalisation for LON:BAB is £2,275,184,686 GBP.

This article Babcock International Group PLC 22.2% Potential Upside Indicated by Goldman Sachs was written by DirectorsTalk Interviews.


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Babcock International Group PLC 22.4% Potential Upside Indicated by JP Morgan Cazenove https://www.directorstalkinterviews.com/babcock-international-group-plc-22-4-potential-upside-indicated-by-jp-morgan-cazenove/412783420 Thu, 23 May 2019 10:13:38 +0000 https://www.directorstalkinterviews.com/?p=783420 Babcock International Group PLC using EPIC/TICKER code (LON:BAB) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ today by analysts at JP Morgan Cazenove. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set their target price at 557 GBX on ...

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Babcock International Group PLC using EPIC/TICKER code (LON:BAB) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ today by analysts at JP Morgan Cazenove. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set their target price at 557 GBX on its stock. This indicates the analyst now believes there is a potential upside of 22.4% from the opening price of 455 GBX. Over the last 30 and 90 trading days the company share price has decreased 60 points and decreased 107.6 points respectively. The 1 year high for the stock price is 868 GBX while the 52 week low for the stock is 434.35 GBX.

Babcock International Group PLC has a 50 day moving average of 522.53 GBX and the 200 Day Moving Average price is recorded at 585.92. There are currently 237,403,744 shares in issue with the average daily volume traded being 2,392,193. Market capitalisation for LON:BAB is £2,224,625,026 GBP.

This article Babcock International Group PLC 22.4% Potential Upside Indicated by JP Morgan Cazenove was written by DirectorsTalk Interviews.


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Babcock International Group PLC Profit growth and strong cash generation https://www.directorstalkinterviews.com/babcock-international-group-plc-profit-growth-and-strong-cash-generation/412783192 Wed, 22 May 2019 06:59:59 +0000 https://www.directorstalkinterviews.com/?p=783192 Babcock International Group PLC (LON:BAB), today announced full year results for the year ended 31 March 2019. Financial highlights · Underlying revenue of £5.2 billion, in line with guidance given in February 2019. Exits and disposals and lower activity in the short cycle parts of our business impacted revenue while performance across long term contracts ...

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Babcock International Group PLC (LON:BAB), today announced full year results for the year ended 31 March 2019.

Financial highlights
· Underlying revenue of £5.2 billion, in line with guidance given in February 2019. Exits and disposals and lower activity in the short cycle parts of our business impacted revenue while performance across long term contracts remained strong. Organic underlying revenue growth at constant rates was -1.9% (-1.0% excluding exits)

· Underlying operating profit up 0.7% to £588 million

· Margin expansion reflects increased JV contribution, good contract performance and the exit of low margin businesses

· Statutory revenue down 4.0% with statutory operating profit of £197 million impacted by £161 million of exceptional costs:
£41 million of operating profit exceptional costs recognised in the second half, mostly related to pensions as flagged in February 2019

· Underlying basic EPS up 1.2% to 84.0p

· Cash performance: underlying operating cash flow of £618m, with net capex of £149 million and cash conversion post capex of 104%. Free cash flow (including pension payments) was £324 million, £74 million higher year on year

· De-gearing: net debt £958 million, down £157 million year-on-year and represents 1.4x EBITDA, in line with our guidance

· Full year dividend: up 1.7% to 30.0p, reflecting our confidence in the prospects of the Group and sustained cash generation

Operational highlights
· Combined order book and pipeline stable at £31 billion

· Continued partnerships working with our customers to drive operational excellence

· Significant UK contract wins in the year: integration of new training technology across naval bases and air stations (MARTASS), Naval Design Partnership, commenced continuous production of submarine missile launch tube assemblies, DSG vehicle transformation additional scope, Dounreay Materials Test Reactor dismantling, new ten year Rail contracts

· Building strong positions in key long term projects: Dreadnought/Columbia Class nuclear submarine programmes, Hinkley Point C new build

· Continue to grow international businesses (now 30% of group revenue): large Marine win in Australia, aerial firefighting in Canada, mobilising aerial medical emergency services in Sweden and Norway

· Taking action: reshaped Oil and Gas business, restructured ahead of the end of Magnox contract, continued to exit non-strategic businesses

Outlook for the year ending 31 March 2020
· As previously highlighted, the year ending 31 March 2020 will be affected by a number of step downs (detailed on page 6). In total, these step downs will reduce revenue by £410 million and reduce operating profit by £63 million

· The Group’s guidance reflects these step downs and the current market conditions, including the weakness in short cycle contracts experienced this financial year

· We expect underlying revenue to be around £4.9 billion

· We expect to maintain our underlying margin (incl. JVs) at between 10.7% and 11.0%

· Underlying operating profit is expected to be in the range of £515 million to £535 million

· Free cash flow (post pension payments) is expected to be over £250 million and we expect to continue to reduce net debt

· As with previous years, performance for the group will be weighted to the second half, especially for cash generation

Upcoming investor events
· We will hold a Capital Markets Day in London on 5 June 2019. This will set out the details of the Group’s strategy, including the long term growth opportunities available to Babcock from our leadership positions in our three focus markets of defence, aerial emergency services and civil nuclear. We will discuss our strategy in detail, including milestones and medium term financial targets, to deliver for our shareholders. The day will include presentations from our senior executive team

· Our Annual General Meeting will be held on 18 July 2019 and our next trading update will be issued in September 2019

Babcock International Group Chief Executive Archie Bethel said:

“We have delivered a robust performance this year, operating profit is in line with our expectations, we have sustained our strong margins and we have improved our cash generation.

More importantly for the delivery of our strategic goals and our future performance, we have sharpened our focus on our three key markets of defence, aerial emergency services and civil nuclear. We have strengthened our position in these areas with some important contract wins that partially offset the upcoming completion of the QEC contract and the loss of the Magnox contract and we have delivered further growth in our international businesses. In addition, we have exited low margin businesses outside of the three focus markets, which do not have synergy with the rest of the Group, and we have reshaped our oil and gas business.

Net debt reduction in the year enhances our balance sheet strength and we have again increased the dividend.

As we begin the new financial year we do not expect the wider market environment to be any less challenging than we have experienced this past year. However, Babcock’s strength continues to be our focus, our position as a trusted partner in critical, complex areas of national importance, in both the UK and internationally, and our knowledge and expertise. The guidance we have issued today for the 2019/20 financial year reflects the market environment we face and the strengths we deploy in these markets.

As in 2018/19, in the coming year we will continue to build a stronger business platform for the future and I want to thank my colleagues across Babcock for their hard work this year and their commitment to the Group in the coming year”.

This article Babcock International Group PLC Profit growth and strong cash generation was written by DirectorsTalk Interviews.


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Babcock International Group PLC 77% Potential Upside Indicated by Jefferies International https://www.directorstalkinterviews.com/babcock-international-group-plc-77-potential-upside-indicated-by-jefferies-international/412771592 Tue, 09 Apr 2019 09:50:12 +0000 https://www.directorstalkinterviews.com/?p=771592 Babcock International Group PLC with EPIC/TICKER (LON:BAB) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Jefferies International. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. Jefferies International have set their target price at 900 GBX on its ...

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Babcock International Group PLC with EPIC/TICKER (LON:BAB) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Jefferies International. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. Jefferies International have set their target price at 900 GBX on its stock. This indicates the analyst now believes there is a potential upside of 77.0% from today’s opening price of 508.6 GBX. Over the last 30 and 90 trading days the company share price has decreased 2 points and decreased 11.8 points respectively. The 1 year high share price is 868 GBX while the year low stock price is currently 471.9 GBX.

Babcock International Group PLC has a 50 day moving average of 538.11 GBX and a 200 Day Moving Average share price is recorded at 622.09. There are currently shares in issue with the average daily volume traded being 1,904,607. Market capitalisation for LON:BAB is £2,588,654,576 GBP.

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Babcock International Group Ruth Cairnie to succeed Mike Turner CBE https://www.directorstalkinterviews.com/babcock-international-group-ruth-cairnie-to-succeed-mike-turner-cbe/412771187 Wed, 03 Apr 2019 06:29:22 +0000 https://www.directorstalkinterviews.com/?p=771187 Babcock International Group (LON:BAB), the aerospace and defence company, announced the appointment of Ruth Cairnie to succeed Mike Turner CBE. Ruth Cairnie will initially join the Board as a Non-Executive Director today and will assume the role of Chair on Mike Turner’s retirement at the Company’s Annual General Meeting on 18 July 2019 after 11 ...

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Babcock International Group (LON:BAB), the aerospace and defence company, announced the appointment of Ruth Cairnie to succeed Mike Turner CBE.

Ruth Cairnie will initially join the Board as a Non-Executive Director today and will assume the role of Chair on Mike Turner’s retirement at the Company’s Annual General Meeting on 18 July 2019 after 11 years in the role.

Ruth Cairnie has extensive experience of the engineering sector, gained from a 37-year international career spanning senior functional and line roles at Royal Dutch Shell plc, including Executive Vice President for Group Strategy & Planning. She is currently the Senior Independent Director of Associated British Foods plc and a Non-Executive Director of Rolls Royce Holdings plc and ContourGlobal plc.

Ruth Cairnie is the Chair of POWERful Women, an initiative to advance gender diversity within the energy sector. She has experience of advising government departments on strategic development and capability building. She is also a trustee of Windsor Leadership and a member of the finance committee of the University of Cambridge, where she studied for her Master of Advanced Studies in Mathematics.

Commenting on the appointment of Ruth Cairnie, Mike Turner CBE said:

“Following a thorough process to identify and select a new Chair, led by our Senior Independent Director, Sir David Omand, we are delighted to welcome Ruth to the Board. She is a strategic thinker and strong leader, and we look forward to her bringing her in-depth experience, gained from a broad range of executive and non-executive roles at leading industrial companies, both in the UK and internationally, to benefit Babcock.”

Ruth Cairnie said:

“I am delighted to be joining the Babcock team and I look forward to working with the Board and the executive team to deliver shareholder value, and to help maximise future opportunities. I am hugely enthusiastic about the opportunity to oversee the next stage of Babcock’s development as a major company delivering complex engineering to support its clients, both in the UK and internationally.”

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Babcock International Group PLC 58.5% Potential Upside Indicated by JP Morgan Cazenove https://www.directorstalkinterviews.com/babcock-international-group-plc-58-5-potential-upside-indicated-by-jp-morgan-cazenove/412770837 Thu, 28 Mar 2019 10:41:42 +0000 https://www.directorstalkinterviews.com/?p=770837 Babcock International Group PLC with EPIC/TICKER (LON:BAB) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at JP Morgan Cazenove. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set a target price of 772 GBX ...

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Babcock International Group PLC with EPIC/TICKER (LON:BAB) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at JP Morgan Cazenove. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set a target price of 772 GBX on its stock. This would imply the analyst believes there is now a potential upside of 58.5% from the opening price of 487.1 GBX. Over the last 30 and 90 trading days the company share price has decreased 62.9 points and increased 8.7 points respectively. The 1 year high stock price is 868 GBX while the 52 week low for the share price is 471.9 GBX.

Babcock International Group PLC has a 50 day moving average of 546.40 GBX and the 200 Day Moving Average price is recorded at 635.75. There are currently 505,596,597 shares in issue with the average daily volume traded being 1,700,793. Market capitalisation for LON:BAB is £2,460,738,699 GBP.

This article Babcock International Group PLC 58.5% Potential Upside Indicated by JP Morgan Cazenove was written by DirectorsTalk Interviews.


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Babcock International Group Continue to make good operational and strategic progress https://www.directorstalkinterviews.com/babcock-international-group-continue-to-make-good-operational-and-strategic-progress/412768021 Tue, 26 Feb 2019 07:47:13 +0000 https://www.directorstalkinterviews.com/?p=768021 Babcock International Group (LON:BAB) , the aerospace and defence company, issued the following trading update. Underlying earnings expectations for the year remain unchanged as we continue to make good progress and grow our business across our three key markets of defence, aerial emergency services and nuclear. Group underlying margin to be ahead of last year, ...

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Babcock International Group (LON:BAB) , the aerospace and defence company, issued the following trading update.

Underlying earnings expectations for the year remain unchanged as we continue to make good progress and grow our business across our three key markets of defence, aerial emergency services and nuclear.

Group underlying margin to be ahead of last year, delivering underlying earnings in line with current market expectations and slightly higher than last year. Margin performance has been helped by a continued contribution from our continuous cost reduction programme and, as previously indicated, profit contribution from our Holdfast (RSME) joint venture.

Group underlying revenue for the year to be around £5.2 billion1, down from £5.36 billion last year. In addition to the major QEC contract step down and the disposal and exits from small non-core businesses already reported, there have been further disposals and exits in the second half as we continue to focus the business. Our Rail business has seen lower activity as we entered the transition period to our new contract earlier than expected, while our South African business has been impacted by delayed power station outages.

Group net debt continues to reduce and we expect our net debt2 to EBITDA3 ratio to reduce to around 1.4 times by the end of the year.

The UK exiting the EU has resulted in additional costs as we restructure our aerial emergency services businesses to comply with European operating requirements. There is a one-off tax cost of around
£10 million this year and we estimate that additional ongoing costs related to the operation of the new structures will be around £10 million per year.

Exceptional costs were outlined in our half year results and we now expect to incur two additional exceptional costs for this financial year. As explained above, restructuring the Group ahead of the UK exiting the European Union will result in a tax charge of around £10 million. As signalled in November, we expect a charge of around £30 million related to an adjustment to our pension liabilities to equalise guaranteed minimum pension benefits for men and women, following a High Court judgement on Lloyds Banking Group in October. The cash cost associated with the pension charge will be spread over the next six years and the tax charge will be paid in the next financial year.

Order book and pipeline remains strong at around £32 billion, consisting of a c.£18 billion order book and a c.£14 billion pipeline, which is c.£1 billion higher than last year end.

The 2019/20 financial year sees the completion of two of our largest contracts, QEC and Magnox, and the normalisation of the profit contribution from our Holdfast (RSME) joint venture. As highlighted at the half year results, the impact of these step downs, and continued business exits, is expected to reduce underlying revenue by around £400 million and underlying operating profit by around £40 million relative to the 2018/19 financial year. We are currently finalising our plans for next year and will provide further guidance in May alongside our full year results.

Chief Executive Archie Bethel said:

“The Group’s underlying earnings and cash generation outlook for the current year is unchanged. We continue to make good operational and strategic progress and won some great new contracts in the period including an expansion into the aerial emergency services market in North America, a significant win in Australia and securing the next ten years for our Rail business. Whilst preparing for the UK exiting the EU and for our QEC and Magnox contracts coming to an end, we continue to grow our business across our three key markets of defence, aerial emergency services and nuclear.”

Operational highlights and contract wins

We continue to see strong contract performance across our businesses. Highlights in the period include:

· HMS Prince of Wales now structurally complete and in the final commissioning stages

· Continued progress on our submarine sustainment and fleet time support programmes including the latest delivery of common missile compartment components for the UK Dreadnought and US Columbia Class submarine programmes

· Progress on infrastructure design for the deep maintenance of the Royal Navy’s Astute class submarines at Devonport

· Type 23 Frigate Life Extension programme continues to plan in our frigate support complex at Devonport, with multiple ships undergoing deep maintenance and structural upgrading work

· Completed a significant sustainment work package for HMS Scott, the Royal Navy’s ocean survey vessel

· Completed the capability upgrade on the first of three Estonian Navy minehunter vessels

· Secured the international sale of a further eight of our patented ecoSMRT® liquid gas transportation systems, bringing the total sold to 21 systems

· MV Kairos, the world’s largest liquefied natural gas (LNG) bunker supply vessel, built and owned by Babcock and Bernhard Schulte, undertook its first fuelling operation in the Baltic Sea

· Mobilisation of our Norway aerial emergency services and Canada firefighting contracts

· Completed over 22,000 aerial emergency services missions across Europe since the start of October

· The Sellafield Silo Maintenance Facility project reached practical completion in January 2019 ahead of Sellafield’s milestone and was categorised as “Excellent” project delivery by the Nuclear Decommissioning Authority

The period also saw a good set of contract wins that reinforce our strategy. Highlights in the period include:

· An entry into aerial emergency services in North America with the award of a ten year contract for aerial firefighting in Manitoba, Canada. We will manage, maintain and operate Manitoba’s fleet of seven firefighting amphibious aircraft and provide three of our own aircraft

· In Australia, Naval Ship Management (50% JV) was appointed Asset Steward of the largest vessels in the Royal Australian Navy: two flagship Canberra Class Landing Helicopter Docks and their 12 associated amphibious landing crafts. Work will begin to sustain and support these vessels in July 2019 as part of a 15 year contract (five years plus two extensions) worth around AU$1.5 billion

· Helidax (50% JV) was awarded a ten year contract for the maintenance of 18 Airbus AS355N (‘Fennec’) helicopters for the French army

· Our Rosyth facility will complete the first dry-dock maintenance of the aircraft carrier HMS Queen Elizabeth this spring, including a hull survey and maintenance of underwater systems

· Cavendish Nuclear will carry out the dismantling and demolition of Dounreay’s nuclear reactor as part of the final phase of decommissioning the Dounreay Materials Test Reactor

· We were selected as preferred bidder for the North Alliance (Scotland route) to deliver Network Rail’s CP6/CP7 track and rail systems contracts. This ten year contract (initial five years with an option to extend) is worth up to £1 billion over a ten year period, from August 2019 to 2029

Sector reclassification

Our FTSE Russell industry classification was changed in December 2018 from the Business Support Services to the Aerospace & Defence sector. We believe this reclassification provides a more accurate reflection of our business model and the markets we operate in.

Board succession

As announced on 17 January 2019, Mike Turner CBE will step down as Chairman and as a director at the close of the Company’s Annual General Meeting in July this year. The Company’s Senior Independent Director, Professor Sir David Omand GCB, is leading the Board’s nominations committee in an orderly succession process and an announcement of a successor will be made in due course.

Capital Markets Day

We will hold a Capital Markets Day in London on 5 June 2019. This will set out the details of the Group’s strategy, including the long term growth opportunities available to Babcock from our leadership positions in our three key markets of defence, aerial emergency services and nuclear. We will discuss our strategy in detail, including milestones and medium term financial targets, to deliver for our shareholders. The day will include presentations from our senior executive team.

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Babcock International Group PLC 53.6% Potential Upside Indicated by Goldman Sachs https://www.directorstalkinterviews.com/babcock-international-group-plc-53-6-potential-upside-indicated-by-goldman-sachs/412764888 Mon, 21 Jan 2019 11:11:42 +0000 https://www.directorstalkinterviews.com/?p=764888 Babcock International Group PLC using EPIC/TICKER code (LON:BAB) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Goldman Sachs. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. Goldman Sachs have set their target price at 860 GBX on its ...

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Babcock International Group PLC using EPIC/TICKER code (LON:BAB) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Goldman Sachs. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. Goldman Sachs have set their target price at 860 GBX on its stock. This would imply the analyst believes there is now a potential upside of 53.6% from the opening price of 560 GBX. Over the last 30 and 90 trading days the company share price has increased 66 points and decreased 54.8 points respectively. The 1 year high share price is 868 GBX while the 52 week low for the share price is 471.9 GBX.

Babcock International Group PLC has a 50 day moving average of 548.90 GBX and the 200 Day Moving Average price is recorded at 694.99. There are currently 505,596,597 shares in issue with the average daily volume traded being 2,297,416. Market capitalisation for LON:BAB is £2,838,419,418 GBP.

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Babcock International Group joint venture wins new Australian defence contract https://www.directorstalkinterviews.com/babcock-international-group-joint-venture-wins-new-australian-defence-contract/412762391 Mon, 03 Dec 2018 07:26:26 +0000 https://www.directorstalkinterviews.com/?p=762391 Naval Ship Management (NSM), a 50/50 joint venture between Babcock International Group (LON:BAB), the engineering services business, and UGL, has been awarded a new contract by the Australian Defence Force, worth around AU$1.5 billion for up to 15 years. The contract is for an initial five years (Babcock share for this initial period AU$250 million) ...

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Naval Ship Management (NSM), a 50/50 joint venture between Babcock International Group (LON:BAB), the engineering services business, and UGL, has been awarded a new contract by the Australian Defence Force, worth around AU$1.5 billion for up to 15 years. The contract is for an initial five years (Babcock share for this initial period AU$250 million) with the expectation of two further five year extensions.

The partnering agreement, which was won in a competitive process, sees NSM appointed Asset Steward of the largest vessels in the Royal Australian Navy: two flagship Canberra Class Landing Helicopter Docks (LHD) and their 12 associated amphibious LHD landing crafts. The joint venture will begin the work to sustain and support these critical vessels in July 2019.

This significant award builds on Babcock’s long standing relationship with the Australian Defence Force. NSM provides sustainment support to the Royal Australian Navy’s fleet of ANZAC class frigates through to the end of their life. Babcock also supports the Australian Defence Force’s ground support equipment.

Australian Minister for Defence, the Hon Christopher Pyne MP said:

“NSM has a proven track record in innovation, performance, collaboration and building the Australian workforce capability with similar sustainment programmes. We are looking forward to working with them to ensure safe delivery of the LHD assets, ensuring they are both available and performing as required.”

Babcock Chief Executive Archie Bethel said:

“We are delighted to have been chosen for this strategically important role which builds on our existing relationship with the Australian Defence Force. Through NSM we will apply Babcock’s digitally enabled asset management capabilities to support this strategically important capability over the next decade and beyond.”

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Babcock International Group wins its first aerial firefighting contract in Canada https://www.directorstalkinterviews.com/babcock-international-group-wins-its-first-aerial-firefighting-contract-in-canada/412762304 Fri, 30 Nov 2018 07:25:37 +0000 https://www.directorstalkinterviews.com/?p=762304 Babcock International Group (LON:BAB), the engineering services company, have been awarded a new 10-year contract for aerial firefighting by the Government of Manitoba, Canada. This is the first firefighting work the Group has won outside of Europe and marks the continuing successful international expansion of Babcock’s aerial emergency services business. The Wildfire Suppression Services contract, ...

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Babcock International Group (LON:BAB), the engineering services company, have been awarded a new 10-year contract for aerial firefighting by the Government of Manitoba, Canada. This is the first firefighting work the Group has won outside of Europe and marks the continuing successful international expansion of Babcock’s aerial emergency services business.

The Wildfire Suppression Services contract, awarded by the Government of Manitoba, is worth around £100 million (CAD$170 million) and will begin in April 2019. Babcock will manage, maintain and operate Manitoba’s fleet of seven firefighting fixed-wing Canadair water-bomber amphibious aircraft, supported by three Babcock Twin Commander aircraft. The Group has a decades-long track record of successfully operating and maintaining a fleet of 19 Canadair firefighting aircraft for the Italian Government. The operations will cover the entire province, helping to protect communities across an area twice the size of the UK.

Babcock Chief Executive Archie Bethel said:

“This marks our first aviation emergency services contract in Canada, and we are delighted to be trusted to deliver this critical service. We have over 30 years’ experience of aerial firefighting, and this new contract positions us well for any future opportunities in the North American market. We look forward to building on the excellent reputation Babcock has achieved in Canada’s marine sector with this new opportunity to serve the communities of Manitoba from the air.”

The agreement to provide vital support to the Government of Manitoba represents the Group’s first step in accessing the large market for aerial emergency services in the North American continent. The total North American addressable market for aerial firefighting is estimated to be around £1.4 billion, including around £1.1 billion in the United States which is accessible to companies operating in Canada. It also provides a platform for the Group to pursue aerial emergency medical service opportunities in Canada, which represents a further addressable market of over £300 million.

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Babcock International Group Clarification on Sky News report https://www.directorstalkinterviews.com/babcock-international-group-clarification-on-sky-news-report/412761644 Mon, 19 Nov 2018 07:34:30 +0000 https://www.directorstalkinterviews.com/?p=761644 Babcock International Group (LON:BAB), the engineering services company,  provided clarification following a report by Sky News regarding exceptional items likely to be included in the Group’s half year results announcement on 21 November 2018. As indicated to the market in its most recent Trading Update of 19 September 2018, Babcock is currently undertaking a programme ...

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Babcock International Group (LON:BAB), the engineering services company,  provided clarification following a report by Sky News regarding exceptional items likely to be included in the Group’s half year results announcement on 21 November 2018.

As indicated to the market in its most recent Trading Update of 19 September 2018, Babcock is currently undertaking a programme to strengthen the Group by exiting a number of small, low-margin businesses, including the Appledore shipyard, and is reshaping its oil and gas business. We announced at that time that we would provide an update on these activities at our half year results. Whilst the exact impact of these actions has yet to be determined by the Board, we do not expect the net cash costs to be material.

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Babcock International Group PLC 51.1% Potential Upside Indicated by JP Morgan Cazenove https://www.directorstalkinterviews.com/babcock-international-group-plc-51-1-potential-upside-indicated-by-jp-morgan-cazenove/412759797 Thu, 11 Oct 2018 09:04:10 +0000 https://www.directorstalkinterviews.com/?p=759797 Babcock International Group PLC with EPIC/TICKER (LON:BAB) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at JP Morgan Cazenove. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set a target price of 998 GBX on its ...

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Babcock International Group PLC with EPIC/TICKER (LON:BAB) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at JP Morgan Cazenove. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set a target price of 998 GBX on its stock. This would imply the analyst believes there is now a potential upside of 51.1% from today’s opening price of 660.4 GBX. Over the last 30 and 90 trading days the company share price has decreased 58.2 points and decreased 127.2 points respectively. The 1 year high stock price is 868 GBX while the year low share price is currently 604 GBX.

Babcock International Group PLC has a 50 day moving average of 720.22 GBX and a 200 day moving average of 735.25. There are currently 505,596,597 shares in issue with the average daily volume traded being 2,566,835. Market capitalisation for LON:BAB is £3,366,034,520 GBP.

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Babcock International Group PLC 34.7% Potential Upside Indicated by Jefferies International https://www.directorstalkinterviews.com/babcock-international-group-plc-34-7-potential-upside-indicated-by-jefferies-international/412756267 Mon, 06 Aug 2018 09:24:57 +0000 https://www.directorstalkinterviews.com/?p=756267 Babcock International Group PLC with EPIC/TICKER (LON:BAB) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Jefferies International. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. Jefferies International have set a target price of 950 GBX on its ...

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Babcock International Group PLC with EPIC/TICKER (LON:BAB) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Jefferies International. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. Jefferies International have set a target price of 950 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 34.7% from today’s opening price of 705.4 GBX. Over the last 30 and 90 trading days the company share price has decreased 74.6 points and decreased 32.8 points respectively. The 1 year high share price is 874 GBX while the year low stock price is currently 604 GBX.

Babcock International Group PLC has a 50 day moving average of 804.76 GBX and the 200 Day Moving Average price is recorded at 739.34. There are currently 505,596,608 shares in issue with the average daily volume traded being 2,522,655. Market capitalisation for LON:BAB is £3,642,240,859 GBP.

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Babcock International Group PLC clarification regarding a misleading article https://www.directorstalkinterviews.com/babcock-international-group-plc-clarification-regarding-misleading-article/412755707 Mon, 30 Jul 2018 07:01:21 +0000 https://www.directorstalkinterviews.com/?p=755707 Babcock International Group PLC (LON:BAB), the engineering services company, provided the following clarification regarding a misleading article published by the Sunday Times on 29 July 2018. As regards trading, Babcock’s Trading Statement of 19 July 2018 reiterated its underlying earnings guidance for financial year 2018/19, despite forecasting slightly lower underlying revenue growth than had initially ...

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Babcock International Group PLC (LON:BAB), the engineering services company, provided the following clarification regarding a misleading article published by the Sunday Times on 29 July 2018.

As regards trading, Babcock’s Trading Statement of 19 July 2018 reiterated its underlying earnings guidance for financial year 2018/19, despite forecasting slightly lower underlying revenue growth than had initially been expected. The statement also reported that the bid pipeline had increased by £1 billion to c£14 billion.

As regards contracts, the article confuses Babcock’s existing DSG contract, which runs until 2025, with an entirely separate tender for Protected Mobility Strategic Support Supplier (PM SSS) which initially came to market in 2015 but which did not proceed to competition following a decision to halt the procurement process in December 2016.

DSG is a long term service provision and transformation contract for a wide range of equipment, maintenance, spares supply and platform overhaul with the UK Ministry of Defence (MOD). As part of this long term partnership contract Babcock is able to make further proposals for transformation and performance improvement to the customer. One such recent proposal related to putting a number of different vehicle types onto an availability service – this was designated Strategic Support Supplier (SSS). Following discussion, the MOD has decided instead to focus on deepening the transformation and the relationship with Babcock on the core contract, which continues to offer the Army significant flexibility. The existing contract offers Babcock significant exclusivity over the various service categories.

There has been no change to the Company’s expectations for underlying revenue and underlying earnings as detailed in its recent Trading Statement, and no change to the bid pipeline. The impact of slower than anticipated spares procurement activity relating to DSG was included in the guidance issued at the time. We look forward to continuing to work closely with the Army and MOD to deliver the transformation in vehicle availability and performance which is at the core of our long term Babcock DSG transformation contract.

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Babcock International Group PLC 4.5% Potential Decrease Indicated by Deutsche Bank https://www.directorstalkinterviews.com/babcock-international-group-plc-4-5-potential-decrease-indicated-by-deutsche-bank/412751395 Mon, 21 May 2018 09:28:26 +0000 https://www.directorstalkinterviews.com/?p=751395 Babcock International Group PLC using EPIC/TICKER code (LON:BAB) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ this morning by analysts at Deutsche Bank. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. Deutsche Bank have set a target price of 740 GBX on ...

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Babcock International Group PLC using EPIC/TICKER code (LON:BAB) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ this morning by analysts at Deutsche Bank. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. Deutsche Bank have set a target price of 740 GBX on its stock. This would imply the analyst believes there is a potential downside of -4.5% from the opening price of 774.8 GBX. Over the last 30 and 90 trading days the company share price has increased 30.4 points and increased 125.4 points respectively. The 52 week high for the stock is 1030 GBX while the 52 week low for the share price is 604 GBX.

Babcock International Group PLC has a 50 day moving average of 716.52 GBX and the 200 Day Moving Average price is recorded at 746.02. There are currently 502,780,295 shares in issue with the average daily volume traded being 1,987,848. Market capitalisation for LON:BAB is £3,862,358,288 GBP.

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Babcock International Group PLC 40.5% Potential Upside Indicated by RBC Capital Markets https://www.directorstalkinterviews.com/babcock-international-group-plc-40-5-potential-upside-indicated-by-rbc-capital-markets/412749193 Fri, 13 Apr 2018 09:31:15 +0000 https://www.directorstalkinterviews.com/?p=749193 Babcock International Group PLC using EPIC/TICKER code (LON:BAB) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at RBC Capital Markets. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. RBC Capital Markets have set a target price of 1000 GBX ...

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Babcock International Group PLC using EPIC/TICKER code (LON:BAB) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at RBC Capital Markets. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. RBC Capital Markets have set a target price of 1000 GBX on its stock. This would imply the analyst believes there is now a potential upside of 40.5% from today’s opening price of 711.8 GBX. Over the last 30 and 90 trading days the company share price has increased 39.8 points and decreased 34.2 points respectively. The 1 year high share price is 1030 GBX while the 52 week low for the stock is 604 GBX.

Babcock International Group PLC has a 50 day moving average of 666.41 GBX and the 200 Day Moving Average price is recorded at 761.25. There are currently 505,596,588 shares in issue with the average daily volume traded being 1,913,091. Market capitalisation for LON:BAB is £3,647,373,909 GBP.

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Babcock International Group PLC 58.8% Potential Upside Indicated by Liberum Capital https://www.directorstalkinterviews.com/babcock-international-group-plc-58-8-potential-upside-indicated-by-liberum-capital/412749086 Wed, 11 Apr 2018 09:14:25 +0000 https://www.directorstalkinterviews.com/?p=749086 Babcock International Group PLC with EPIC/TICKER (LON:BAB) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Liberum Capital. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. Liberum Capital have set their target price at 1100 GBX on its ...

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Babcock International Group PLC with EPIC/TICKER (LON:BAB) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Liberum Capital. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. Liberum Capital have set their target price at 1100 GBX on its stock. This now indicates the analyst believes there is a possible upside of 58.8% from the opening price of 692.8 GBX. Over the last 30 and 90 trading days the company share price has increased 20.4 points and decreased 22.4 points respectively. The 1 year high stock price is 1030 GBX while the 52 week low for the stock is 604 GBX.

Babcock International Group PLC has a 50 day moving average of 665.58 GBX and a 200 day moving average of 763.06. There are currently 505,596,568 shares in issue with the average daily volume traded being 1,869,060. Market capitalisation for LON:BAB is £3,559,399,839 GBP.

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Babcock International Group PLC 20.1% Potential Upside Indicated by Exane BNP Paribas https://www.directorstalkinterviews.com/babcock-international-group-plc-20-1-potential-upside-indicated-by-exane-bnp-paribas/412748866 Thu, 05 Apr 2018 10:14:27 +0000 https://www.directorstalkinterviews.com/babcock-international-group-plc-20-1-potential-upside-indicated-by-exane-bnp-paribas/412748866 Babcock International Group PLC using EPIC/TICKER code (LON:BAB) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ today by analysts at Exane BNP Paribas. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. Exane BNP Paribas have set their target price at 800 GBX ...

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Babcock International Group PLC using EPIC/TICKER code (LON:BAB) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ today by analysts at Exane BNP Paribas. Babcock International Group PLC are listed in the Industrials sector within UK Main Market. Exane BNP Paribas have set their target price at 800 GBX on its stock. This would imply the analyst believes there is now a potential upside of 20.1% from today’s opening price of 666 GBX. Over the last 30 and 90 trading days the company share price has increased 5.6 points and decreased 47.6 points respectively. The 52 week high share price is 1030 GBX while the 52 week low for the share price is 604 GBX.

Babcock International Group PLC has a 50 day moving average of 670.68 GBX and a 200 day moving average of 767.43. There are currently 501,593,788 shares in issue with the average daily volume traded being 1,841,249. Market capitalisation for LON:BAB is £3,366,697,566 GBP.

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Market Fallers: Babcock International Group PLC, BAE Systems plc, Barclays PLC, Barratt Developments Plc https://www.directorstalkinterviews.com/market-fallers-babcock-international-group-plc-bae-systems-plc-barclays-plc-barratt-developments-plc/412747917 Thu, 22 Mar 2018 14:15:26 +0000 https://www.directorstalkinterviews.com/?p=747917 The share price for Babcock International Group PLC EPIC code: LON:BAB has dropped -1.63% or -11 points during today’s session so far. Sellers have so far given a mostly negative outlook throughout the session. The period high has peaked at 678.6 while the low for the session was 661. Volume total for shares traded at ...

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The share price for Babcock International Group PLC EPIC code: LON:BAB has dropped -1.63% or -11 points during today’s session so far. Sellers have so far given a mostly negative outlook throughout the session. The period high has peaked at 678.6 while the low for the session was 661. Volume total for shares traded at this point reached 587,135 while the average shares exchanged is 1,863,339. The 52 week high is 1030 equating to 356.2 points in difference on the previous days close and a 52 week low being 604 a difference of some 69.8 points. Babcock International Group PLC now has a 20 simple moving average of 668.85 and the 50 day simple moving average now of 685.07. This puts the market capitalisation now at £3,351.09m at the time of this report. The currency for this stock is Great British pence.Market cap is measured in GBP. This article was written with the last trade for Babcock International Group PLC being recorded at Thursday, March 22, 2018 at 1:56:16 PM GMT with the stock price trading at 662.8 GBX.

 

 

The share price for BAE Systems plc with company EPIC: LON:BA has stepped down -1.68% or -9.8 points during today’s session so far. Sellers did not seem confident throughout the session. The periods high has already touched 581.8 dropping as low as 569.4. The total volume of shares exchanged through this period comes to 1,859,323 while the average shares exchanged is 9,284,018. The 52 week high is 682.5 around 99.9 points difference from the previous days close and the 52 week low at 533.5 which is a variance of 49.1 points. BAE Systems plc has a 20 day moving average of 589.56 and also a 50 day MA at 588.49. The market capitalisation currently stands at £18,254.02m at the time of this report. The share price is in GBX. Mcap is measured in GBP. This article was written with the last trade for BAE Systems plc being recorded at Thursday, March 22, 2018 at 1:57:24 PM GMT with the stock price trading at 572.8 GBX.

 

 

Shares of Barclays PLC company symbol: LON:BARC has stepped down -2.01% or -4.25 points in today’s trading session so far. Sellers have not remained optimistic during the session. The period high has peaked at 210.85 meanwhile the session low reached 206.5. The total volume of shares traded by this point was 16,511,062 whilst the daily average number of shares exchanged is just 52,576,625. The 52 week high is 229.95 about 18.5 points difference from the previous days close and the 52 week low at 177.3 a difference of some 34.15 points. Barclays PLC now has a 20 SMA of 212.86 and now the 50 day moving average now of 206.16. Market capitalisation is now £35,361.57m at the time of this report. All share prices mentioned for this stock are traded in GBX.
Mcap is measured in GBP. This article was written with the last trade for Barclays PLC being recorded at Thursday, March 22, 2018 at 1:57:24 PM GMT with the stock price trading at 207.2 GBX.

 

 

Stock in Barratt Developments Plc EPIC code: LON:BDEV has moved down -2.08% or -11.12 points during today’s session so far. Traders did not seem confident during this period. The periods high has already touched 541.2 and hitting a low of 524. The amount of shares exchanged has so far reached 2,553,582 with the average number of shares traded daily being 4,831,631. The stock 52 week high is 705.5 amounting to 169.5 points difference from the previous days close and the 52 week low at 6.26 which is a difference of 529.74 points. Barratt Developments Plc now has a 20 moving average of 546.19 and now its 50 day simple moving average now of 574.27. The current market capitalisation is £5,314.60m at the time of this report. The currency for this stock is GBX. Market cap is measured in GBP. This article was written with the last trade for Barratt Developments Plc being recorded at Thursday, March 22, 2018 at 1:57:14 PM GMT with the stock price trading at 524.88 GBX.

This article Market Fallers: Babcock International Group PLC, BAE Systems plc, Barclays PLC, Barratt Developments Plc was written by DirectorsTalk Interviews.


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Market Risers: Action Hotels PLC, Anglo American plc, Antofagasta plc, Babcock International Group PLC https://www.directorstalkinterviews.com/market-risers-action-hotels-plc-anglo-american-plc-antofagasta-plc-babcock-international-group-plc/412747364 Wed, 14 Mar 2018 12:54:51 +0000 https://www.directorstalkinterviews.com/?p=747364 The trading price for Action Hotels PLC found using EPIC: LON:AHCG has climbed 11.11% or 2 points during today’s session so far. Traders have so far held a positive outlook throughout the trading session. The high for the period has peaked at 20.4 dropping as low as 20. Volume total for shares traded at this ...

This article Market Risers: Action Hotels PLC, Anglo American plc, Antofagasta plc, Babcock International Group PLC was written by DirectorsTalk Interviews.


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The trading price for Action Hotels PLC found using EPIC: LON:AHCG has climbed 11.11% or 2 points during today’s session so far. Traders have so far held a positive outlook throughout the trading session. The high for the period has peaked at 20.4 dropping as low as 20. Volume total for shares traded at this point reached 21,212 with the daily average number around 33,838. A 52 week high for the stock is 49.75 equating to 31.75 points different to the previous business close and a 52 week low sitting at 16.1 which is a difference of 1.9 points. Market capitalisation for the company is £26.21m at the time of this report. The stock is traded in GBX. Mcap is measured in GBP. This article was written with the last trade for Action Hotels PLC being recorded at Wednesday, March 14, 2018 at 10:52:20 AM GMT with the stock price trading at 20 GBX.

 

 

The stock price for Anglo American plc found using EPIC: LON:AAL has climbed 2.44% or 42.2 points during today’s session so far. Market buyers have remained optimistic while the stock has been in play. Range high for the period so far is 1783 dropping as low as 1761.8. Volume total for shares traded at this point reached 2,087,060 with the daily average at 6,002,424. The stock 52 week high is 1870 which comes in at 138.4 points in difference on the previous days close and a 52 week low being 950.1 which is a variance of 781.5 points. Anglo American plc has a 20 day moving average of 1775.23 and the 50 day simple moving average now at 1740.1. The market capitalisation currently stands at £24,818.42m at the time of this report. Share price is traded in GBX. Mcap is measured in GBP. This article was written with the last trade for Anglo American plc being recorded at Wednesday, March 14, 2018 at 12:49:00 PM GMT with the stock price trading at 1773.8 GBX.

 

 

The trading price for Antofagasta plc company symbol: LON:ANTO has moved up 2.95% or 27 points throughout the session so far. Investors have remained positive while the stock has been in play. The high for the period has peaked at 945 dropping as low as 920.2. The total volume of shares exchanged so far has reached 1,207,163 with the daily average at 3,259,394. The stock 52 week high is 1071 which is 156.4 points difference from the previous days close and the 52 week low at 11.12 making a difference of 903.48 points. Antofagasta plc has a 20 day moving average of 902.94 with a 50 day MA at 944.72. The market capitalisation currently stands at £9,246.81m at the time of this report. The currency for this stock is GBX. Market cap is measured in GBP. This article was written with the last trade for Antofagasta plc being recorded at Wednesday, March 14, 2018 at 12:49:09 PM GMT with the stock price trading at 941.6 GBX.

 

 

Stock in Babcock International Group PLC ticker code: LON:BAB has increased 1.66% or 11 points during the course of today’s session so far. Market buyers have so far held a positive outlook during the session. The periods high has reached 675.6 and hitting a low of 660. The total volume traded so far comes to 311,850 with the average number of shares traded daily being 2,258,592. The stock 52 week high is 1030 equating to 367 points difference from the previous close and the 52 week low at 604 which is a difference of 59 points. Babcock International Group PLC has a 20 day moving average of 659.81 and also a 50 day moving average of 689.58. The market cap now stands at £3,407.72m at the time of this report. All share prices mentioned for this stock are traded in GBX. Mcap is measured in GBP. This article was written with the last trade for Babcock International Group PLC being recorded at Wednesday, March 14, 2018 at 12:48:31 PM GMT with the stock price trading at 674 GBX.

This article Market Risers: Action Hotels PLC, Anglo American plc, Antofagasta plc, Babcock International Group PLC was written by DirectorsTalk Interviews.


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Market Fallers: Ashtead Group plc, Associated British Foods plc, Babcock International Group PLC https://www.directorstalkinterviews.com/market-fallers-ashtead-group-plc-associated-british-foods-plc-babcock-international-group-plc/412746582 Thu, 01 Mar 2018 14:02:10 +0000 https://www.directorstalkinterviews.com/?p=746582 The stock price for Ashtead Group plc ticker lookup code: LON:AHT has stepped down -1.89% or -40 points during the course of today’s session so far. Traders have so far given a mostly negative outlook throughout the session. The high for the period has reached 2115 dipping to 2053. The number of shares traded by ...

This article Market Fallers: Ashtead Group plc, Associated British Foods plc, Babcock International Group PLC was written by DirectorsTalk Interviews.


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The stock price for Ashtead Group plc ticker lookup code: LON:AHT has stepped down -1.89% or -40 points during the course of today’s session so far. Traders have so far given a mostly negative outlook throughout the session. The high for the period has reached 2115 dipping to 2053. The number of shares traded by this point in time totalled 910,173 whilst the daily average number of shares exchanged is just 1,832,440. The 52 week high price for the shares is 2185 around 71 points different to the previous business close and a 52 week low sitting at 1476 is a variance of 638 points. Ashtead Group plc now has a 20 moving average of 2061.58 and now the 50 day moving average at 2071.71. The market capitalisation currently stands at £10,263.62m at the time of this report. The currency for this stock is Great British pence.Market cap is measured in GBP. This article was written with the last trade for Ashtead Group plc being recorded at Thursday, March 1, 2018 at 1:52:38 PM GMT with the stock price trading at 2074 GBX.

 

 

The trading price for Associated British Foods plc EPIC code: LON:ABF has decreased -1.33% or -35 points during the course of today’s session so far. Traders did not seem confident during the session. The period high was 2641 dropping as low as 2588. Volume total for shares traded during this period was 229,488 whilst the average number of shares exchanged is 1,028,825. The 52 week high for the share price is 3387 around 756 points difference from the previous days close and the 52 week low at 2476 is a variance of 155 points. Associated British Foods plc now has a 20 moving average of 2677.5 and the 50 day simple moving average now of 2774.64. The current market capitalisation is £20,551.86m at the time of this report. The currency for this stock is GBX. Market cap is measured in GBP. This article was written with the last trade for Associated British Foods plc being recorded at Thursday, March 1, 2018 at 1:50:45 PM GMT with the stock price trading at 2596 GBX.

 

 

The stock price for Babcock International Group PLC EPIC code: LON:BAB has moved down -1.69% or -11 points in today’s trading session so far. Sellers were not positive while the stock has been in play. Range high for the period has seen 651.92 dipping to 635.8. The number of shares traded by this point in time totalled 936,789 whilst the average number of shares exchanged is 2,069,629. The 52 week high is 1030 equating to 378.2 points difference from the previous days close and putting the 52 week low at 604 which is a difference of 47.8 points. Babcock International Group PLC now has a 20 moving average of 656.28 and the 50 day simple moving average now at 697.59. This puts the market capitalisation now at £3,239.86m at the time of this report. All share prices mentioned for this stock are traded in GBX. Mcap is measured in GBP. This article was written with the last trade for Babcock International Group PLC being recorded at Thursday, March 1, 2018 at 1:50:52 PM GMT with the stock price trading at 640.8 GBX.

This article Market Fallers: Ashtead Group plc, Associated British Foods plc, Babcock International Group PLC was written by DirectorsTalk Interviews.


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