Analyst Research Report Snapshot

Title:

BABCOCK INTERNATIONAL GROUP - STEADY AS SHE GOES

Price:

$10.00

Provider:

Edison Investment Research

Date:

13 Apr 2011

Pages:

2

Type:

AcrobatPDF

Companies referenced:

BAB.L

Available for Immediate Download
Summary:

Babcock’s pre-close has indicated yet again that Babcock as a group is delivering on its promises, identifying opportunities and saving money for customers. With the MoU signed with the UK government not having the detrimental impact on financial expectations some may have feared, we feel one of the bear arguments has been removed. In addition, VT integration savings are on track and a growing pipeline of contract opportunities is moving through the system; in our view this provides a significant opportunity to pick up a support services play on a defence sector rating.

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