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Babcock International Group (LON:BAB) Shares Pass Above 200-Day Moving Average - Here's Why

Babcock International Group logo with Industrials background

Shares of Babcock International Group PLC (LON:BAB - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 501.90 ($6.20) and traded as high as GBX 506.50 ($6.26). Babcock International Group shares last traded at GBX 500 ($6.18), with a volume of 636,874 shares.

Analyst Upgrades and Downgrades

BAB has been the topic of several research reports. Berenberg Bank reissued a "hold" rating and set a GBX 565 ($6.98) price target on shares of Babcock International Group in a research note on Wednesday, November 13th. Shore Capital restated a "buy" rating on shares of Babcock International Group in a report on Wednesday, November 13th.

Get Our Latest Report on BAB

Babcock International Group Price Performance

The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 245.75. The stock has a market cap of £2.53 billion, a P/E ratio of 1,565.63, a PEG ratio of 1.35 and a beta of 1.28. The firm's fifty day moving average price is GBX 504.76 and its 200-day moving average price is GBX 501.73.

Babcock International Group (LON:BAB - Get Free Report) last issued its earnings results on Monday, November 18th. The company reported GBX 23.50 ($0.29) earnings per share (EPS) for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 43.29%. Analysts forecast that Babcock International Group PLC will post 41.4298019 earnings per share for the current year.

Babcock International Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 5th were issued a GBX 2 ($0.02) dividend. This represents a yield of 0.4%. The ex-dividend date was Thursday, December 5th. Babcock International Group's dividend payout ratio (DPR) is currently 1,562.50%.

Babcock International Group Company Profile

(Get Free Report)

Babcock International Group PLC, together with its subsidiaries, provides value-add services for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally. The company operates through four segments: Marine, Nuclear, Land, and Aviation.

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