Brokers certainly like the stock and trading on a forward P/E of just over 9 going into 2010, far too cheap imho.

Babcock International Group PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Arden Partners
12-03-09 BUY 119.00 41.10 13.50 143.00 49.40 15.50

KBC Peel Hunt Ltd
10-03-09 HOLD 118.36 40.40 13.50 140.73 45.24 15.50

Singer Capital Markets Ltd
09-03-09 BUY 120.10 40.50 14.00 144.40 46.90 15.50

Teathers
04-03-09 BUY 120.51 40.33 13.40 146.94 46.96 15.00

ABN AMRO
10-02-09 HOLD 122.90 39.77 12.50 138.90 44.42 15.00

Numis Securities Ltd
21-01-09 ADD 119.80 41.10 13.00 145.40 48.70 14.10

NCB Stockbrokers Ltd
08-01-09 ACCU 41.25 12.45 46.74 14.37

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 119.56 40.68 13.37 144.16 47.29 15.37

1 Month Change 0.19 0.09 0.02 0.01 0.45 0.03
3 Month Change 0.49 -0.04 0.09 -0.07 -0.46 0.19


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS 36.83% 44.23% 16.25%
DPS 34.59% 49.38% 14.96%

INVESTMENT RATIOS
2008 (A) 2009 (E) 2010 (E)

EBITDA 135.90m 172.74m 194.28m

EBIT 105.00m 142.06m 162.84m

Dividend Yield 1.97% 2.94% 3.38%

Dividend Cover 3.15x 3.04x 3.08x

PER 16.13x 11.18x 9.62x

PEG 0.44f 0.25f 0.59f

Net Asset Value PS -80.79p 168.28p 185.86p

BAB BABCOCK...

Done same gone from short to long.

10-May-11 Babcock International Group BAB UBS Buy 651.00p - 770.00p New Coverage

770p SP target.

BAB excelent results this morning expect Broker upgrades....

BAB Heres last 3 Broker Buy recommendations............

Date #ADVFN $205 http://t.co/AkdAQI4

Broker upgrades out already on BAB

..Investech raises Babcock International (BAB.L) target price to 700p from 650 and rates buy
* Panmure raises its target price to 780p from 750p and rates buy
* Peel Hunt raises its price target to 735p from 675p and rates buy

VT benefits start to accrue for Babcock

Created: 17 May 2011 Written by: Mark Robinson

Though public spending reviews and private sector retrenchment provided the backdrop for much of the past year, a subsequent rise in outsourcing opportunities and the successful integration of VT Group provide grounds for optimism for Babcock International.
During a period of 'tight financial constraints', the acquisition of VT has broadened the range of engineering support services that Babcock can offer its existing and prospective customer base. So, while the group order book has remained stable at around 12bn since the acquisition, Babcock experienced an encouraging 70 per cent rise in its bid pipeline during the second half to 8.5bn.
At constant exchange rates and adjusting for disposals and the 856m nine-month contribution from VT Group, full-year underlying revenues rose 5 per cent. Operating margins rose 1.3 percentage points to 9.9 per cent, reflecting 11.6m of cost savings in the period and growth of higher margin business in support services, defence and security. Cost savings are expected to rise to 50m by 2013.
Investec Securities anticipates current year adjusted pre-tax profits of 280m and EPS of 61p (228m and 55p in 2011).
.
BABCOCK INTERNATIONAL (BAB)
ORD PRICE: 689p MARKET VALUE: 2.5bn
TOUCH: 688.5-691p 12-MONTH HIGH: 693p LOW: 489p
DIVIDEND YIELD: 2.8% PE RATIO: 22
NET ASSET VALUE: 282p* NET DEBT: 71%
Year to 31 Mar Turnover (bn) Pre-tax profit (m) Earnings per share (p) Dividend per share (p)
2007 0.99 57 21.5 8.10
2008 1.56 85 30.0 11.5
2009 1.90 107 37.4 14.4
2010 1.90 129 46.3 17.6
2011 2.76 115 31.3 19.4
% change +45 -11 -32 +10
Ex-div: 8 Jul
Payment: 9 Aug
*Includes intangible assets of 2.09bn, or 582p a share
More analysis of company results
TIP UPDATE:
Buy
Babcock's highly specialised, long-term naval contracts ensure that over two-thirds of its revenues are already contracted for 2011-12, while new business streams are improving. At 689p, Babcock's shares are up 18 per cent on our buy tip (689p, 1 July 2010), but are trading at a modest 11 times forwards earnings and continue to rate a buy.
Last IC view: Buy, 571p, 26 January 2011

http://www.investorschronicle.co.uk/Tips/Buy/TipsOfTheWeek/article/20110517/63fb67f8-807e-11e0-8834-00144f2af8e8/VT-benefits-start-to-accrue-for-Babcock.jsp
--------------------------------------------------------------------------------

09 May Babcock... BAB Panmure Gordon Buy 809.75 850.00 850.00 Retains

850p SP target.

Done an about turn here gone short.
The uptrend is breaking down.

All the lower indicators have turned
negative.

Tweeted this earlier....

Gone short on BAB Babcock. Bullish uptrend breaking down, momentum and ADX turning negative. Down through 13 day EMA.

BAB shorted first thing......

BAB Babcock

Technically uptrend has broken
down and lower indicators are turning
bearish.

Looks a good call GF.

Yep but beware as SC says results tues, mind most results even if good have seen sps slipping. of late.

Bought myself some BAB again. Nice chart with Bullish engulfing candle paving the way. Results were good yesterday aswel.



Like the lower indicators on the Daily Chart.........

BAB BABCOCK INTERNATIONAL GROUP

Bought in here again.

Still way too cheap imo.

Brokers certainly like it.......

Date Company Name Broker Rec. Price Old target price New target price Notes

03 Oct Babcock... JP Morgan Cazenove Overweight 948.50 990.00 990.00 Reiterates
02 Oct Babcock... Charles Stanley Hold 948.50 - - Retains
02 Oct Babcock... Shore Capital Buy 948.50 - - Retains
02 Oct Babcock... Peel Hunt Buy 948.50 975.00 975.00 Reiterates
02 Oct Babcock... Seymour Pierce Buy 948.50 950.00 950.00 Reiterates
02 Oct Babcock... Investec Buy 948.50 970.00 1,000.00 Reiterates
27 Sep Babcock... Goldman Sachs Neutral 948.50 1,036.00 1,097.00 Reiterates

NORWICH & PETERBOROUGH B/S

BABCOCK INTERNATIONAL GROUP

BAB RATIOS

A forward P/E of just 12.8 to
2014 compared to an actual of 21.09
historical in 2012 just shows how
cheap this company is at the moment.

RATIOS
2012 (A) 2013 (E) 2014 (E)

EBITDA £330.90m £392.02m £412.45m
EBIT £216.00m £352.40m £377.20m
Dividend Yield 2.11% 2.62% 2.86%
Dividend Cover 2.25x 2.82x 2.72x
PER 21.09x 13.53x 12.85x
PEG 0.35f 0.24f 2.42f
Net Asset Value PS -271.95p p p

BAB BABCOCK INTERNATIONAL

Looks cheap on a forward P/E to
2014 of just 12.8

Actual in 2012 was a P/E of 21.09

Further scope for a re -rating.

Babcock International Group PLC

FORECASTS 2013 2014
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Panmure Gordon
02-10-12 HOLD 308.00 70.20 25.50 350.00 78.40 28.00
Arden Partners
02-10-12 BUY 316.00 71.00 26.00 320.00 71.96 27.50
N+1 Brewin
01-10-12 ADD 316.70 70.80 23.80 312.40 69.80 25.80
Peel Hunt
01-10-12 BUY 313.11 69.45 24.97 310.73 68.85 27.47
Charles Stanley
28-09-12 HOLD 313.46 68.87 24.56 344.72 74.02 26.82
Shore Capital
28-09-12 BUY 315.50 68.40 25.00 331.90 73.70 27.50
Westhouse Securities
27-09-12 BUY
Seymour Pierce
03-09-12 BUY 317.70 71.00 342.80 75.70
Investec Securities
17-08-12 BUY 312.60 69.10 24.30 342.00 75.40 26.70
Edison Investment Research
25-05-12 None
Numis Securities Ltd
17-05-12 ADD 314.20 68.90 23.00 397.10 76.70 25.00

2013 2014
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 314.12 69.83 24.79 334.70 73.53 26.99
1 Month Change 0.06 0.03 0.02 0.59 0.22 0.01
3 Month Change 1.53 1.13 0.39 -9.70 -0.66 0.30


GROWTH
2012 (A) 2013 (E) 2014 (E)
Norm. EPS 60.79% 55.81% 5.30%
DPS 10.56% 24.55% 8.88%

INVESTMENT RATIOS
2012 (A) 2013 (E) 2014 (E)

EBITDA £330.90m £392.02m £412.45m
EBIT £216.00m £352.40m £377.20m
Dividend Yield 2.11% 2.62% 2.86%
Dividend Cover 2.25x 2.82x 2.72x
PER 21.09x 13.53x 12.85x
PEG 0.35f 0.24f 2.42f
Net Asset Value PS -271.95p p p

Investors Chronicle.....

IC TIP UPDATES:

Support services giant Babcock International ( BAB ) has issued a solid trading statement for the six months to September. Cash generation has been strong which means debt will fall and the order book has remained solid at £13bn. We keep our buy.

Good call here GF, I was skeptical of this stock... Not sure its worth getting in now though!

Babcock International Group PLC (Babcock)

Babcock to support Hitachi on UK nuclear new-build programme

Babcock, the UK's leading engineering support services company, announces that it has signed a Memorandum of Understanding to join with Hitachi Ltd (Hitachi) to plan and deliver its new nuclear reactors in the UK. The agreement follows the announcement of Hitachi's acquisition of Horizon Nuclear Power.

Under the terms of the agreement, Babcock will discuss with Hitachi and its partners, including Rolls Royce, how its skills and capabilities can be best used to support the delivery of Hitachi's nuclear new build programme in the UK.

Peter Rogers, Chief Executive of Babcock commented:
"We are delighted to be working in partnership with Hitachi, a recognised leader in the global nuclear market. Our significant experience in the UK nuclear sector complements the international experience of Hitachi. We look forward to exploring how our skills, capabilities and experience can contribute to the delivery of this project of national strategic importance, meeting the future energy demands of the UK and creating long-term opportunities for UK companies."

Ends

Interim Management Statement

Overview

The Group has traded well during the period. We remain confident of meeting our expectations for this financial year, as set out at the time of our half year results announced on 6 November 2012, and of delivering strong progress on last year. Market conditions remain positive, bidding activity is high across the Group and we continue to track significant new outsourcing opportunities.

StockMarketWire.com
Engineering support services company Babcock International said trading in its markets for the half year ending 30th September 2013 has remained positive.

There has been no material change in the Group's financial position as set out in the Interim Management Statement on 11th July 2013.

The Board remains confident that the Group will continue to make further strong progress and that results for the 2013/14 financial year will be in line with its expectations.

Babcock will release its half year results on Tuesday 12th November 2013.

StockMarketWire.com
Infrastructure group Babcock International said today that total revenue for the year to end-March was £3.547bn which represents growth of 9%.

Adjusting for movements in foreign exchange growth was 11% (2013: 7%)

Underlying operating profit increased by 9% to £377.9 million (2013: £345.6 million) which gave a Group operating return on revenue of 10.7% (2013: 10.7%). Excluding the effect of foreign exchange movements growth in operating profit was 11% (2013: 15%).

Profit before tax, amortisation of acquired intangibles and exceptional charges increased by 15% to £316.1 million (2013: £275.0 million).

Peter Rogers, CEO, commented:

"Babcock maintained its record of delivering strong revenue and profit growth with all our divisions making progress, building on our leading position in engineering support services. We produced a top-class financial performance, driving strong cash flow and cash conversion, delivering another year of growth in shareholder value.

Our markets remain buoyant and we enter the new financial year with a powerful platform for further growth in the UK and overseas. Building on the strong growth in revenue and earnings delivered in the 2013/14 financial year, the Board is confident the Group will continue to make further strong progress in the 2014/15 financial year."