Babcock International Group PLC (LON:BAB)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $473.20. Babcock International Group shares last traded at $460.10, with a volume of 1,837,999 shares traded.
BAB has been the topic of a number of research analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Babcock International Group in a research note on Thursday, June 6th. Liberum Capital reaffirmed a “buy” rating on shares of Babcock International Group in a research note on Monday, July 15th. Numis Securities lowered Babcock International Group to an “add” rating in a research note on Friday, June 14th. Peel Hunt reaffirmed a “hold” rating on shares of Babcock International Group in a research note on Monday, July 15th. Finally, Stifel Nicolaus lowered Babcock International Group to a “hold” rating and lowered their price target for the stock from GBX 650 ($8.49) to GBX 485 ($6.34) in a research note on Thursday, May 23rd. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Babcock International Group has an average rating of “Hold” and a consensus target price of GBX 621.44 ($8.12).
The business has a 50 day simple moving average of GBX 458.52. The company has a market capitalization of $2.33 billion and a P/E ratio of 11.68. The company has a debt-to-equity ratio of 48.99, a quick ratio of 0.72 and a current ratio of 0.94.
The business also recently disclosed a dividend, which will be paid on Friday, August 9th. Shareholders of record on Thursday, July 4th will be paid a dividend of GBX 22.90 ($0.30) per share. The ex-dividend date is Thursday, July 4th. This represents a yield of 4.86%. This is a positive change from Babcock International Group’s previous dividend of $7.10. Babcock International Group’s payout ratio is 0.76%.
In other news, insider Archie Bethel sold 13,466 shares of the company’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of GBX 480 ($6.27), for a total value of £64,636.80 ($84,459.43). Also, insider Ruth Cairnie purchased 5,000 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was acquired at an average cost of GBX 443 ($5.79) per share, for a total transaction of £22,150 ($28,942.90).
About Babcock International Group (LON:BAB)
Babcock International Group PLC, together with its subsidiaries, provides engineering services for marine, land, aviation, and nuclear sectors in the United Kingdom and internationally. The company delivers through-life marine engineering services, including supporting naval fleets, commercial marine, engineering consultancy, weapons handling, equipment support, intelligence and cyber-security, and technical training to defense and civil customers.
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