Goldman set a 1,000 pence target for Babcock stock coverage

Published on 10/13/2026 at 04:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman set a 1,000 pence target on October 8, 2026. For Babcock stock, the GBP 9.76 billion backlog in fiscal 2026 was below GBP 10.42 billion.

Key points in brief

Goldman Sachs started coverage on October 8, 2026 with a Neutral rating and a 1,000 pence target.
Babcock's fiscal 2026 backlog was GBP 9.76 billion, down from GBP 10.42 billion.
The last Lang & Schwarz euro quote was EUR 10.87 on October 12, 2026 at 11:00 p.m. CEST.
Babcock is scheduled to report half-year results on November 19, 2026.

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Babcock International (ISIN GB0009697037) became the subject of new Goldman Sachs coverage on October 8, 2026, with a Neutral rating and a 1,000 pence 12-month price target, according to Yahoo Finance. The bank identified civil nuclear as the clearest upside beyond its base case, while contract execution remained the central downside risk.

Goldman sets the valuation frame

Goldman Sachs based its 1,000 pence target on a discounted cash flow model using a 9.5 percent discount rate and 3 percent long-term growth, the report said. The target was set against a share price of 891 pence in the note, while the bank said further gains would require clean program delivery, margin expansion and cash conversion above its forecasts.

What does the backlog mean?

Babcock's order backlog stood at GBP 9.76 billion at the end of fiscal 2026, down from GBP 10.42 billion a year earlier, according to Yahoo Finance. The same report said 80 percent of fiscal 2026 revenue came from defense and nuclear work, leaving government spending and procurement timing as material variables.

Three dated operating signals

On June 22, 2026, Babcock reported fiscal 2026 revenue of GBP 5,177.7 million and underlying operating profit of GBP 293.3 million after a GBP 140.0 million Type 31 charge, according to Defense And Tech. On September 16, 2026, Hargreaves Lansdown said full-year underlying operating profit had risen 19 percent to GBP 433.0 million and that medium-term guidance remained at least a 9 percent underlying operating margin. The October 8 Goldman coverage completed the latest three-step chronology with the 1,000 pence target.

Next results date is November 19

Babcock's investor-relations calendar lists half-year results for November 19, 2026, providing the next scheduled test of margins, cash conversion and contract delivery. The company identifies itself as a FTSE 100 defense group operating across Marine, Nuclear, Land and Aviation, according to its investor-relations page.

Last euro quote remains dated

The last available euro quote at Lang & Schwarz stood at EUR 10.87 on October 12, 2026 at 11:00 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Babcock stock.