Babcock International Group PLC (LON:BAB - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 511.71 ($6.44) and traded as high as GBX 535.51 ($6.74). Babcock International Group shares last traded at GBX 519.50 ($6.54), with a volume of 2,093,590 shares trading hands.
Analyst Ratings Changes
BAB has been the subject of several research reports. Berenberg Bank restated a "hold" rating and set a GBX 565 ($7.11) price objective on shares of Babcock International Group in a research report on Wednesday, November 13th. Bank of America reissued a "buy" rating and set a GBX 660 ($8.31) price objective on shares of Babcock International Group in a research report on Monday, September 2nd. Finally, Shore Capital reaffirmed a "buy" rating on shares of Babcock International Group in a research report on Wednesday, November 13th.
Read Our Latest Stock Analysis on Babcock International Group
Babcock International Group Stock Performance
The company has a debt-to-equity ratio of 245.75, a quick ratio of 0.76 and a current ratio of 0.86. The company has a fifty day moving average of GBX 483.06 and a two-hundred day moving average of GBX 511.71. The firm has a market capitalization of £2.64 billion, a price-to-earnings ratio of 1,632.81, a PEG ratio of 1.35 and a beta of 1.28.
Babcock International Group Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 5th will be issued a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, December 5th. Babcock International Group's dividend payout ratio (DPR) is currently 1,562.50%.
Insider Buying and Selling at Babcock International Group
In other news, insider David Mellors sold 276,512 shares of Babcock International Group stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of GBX 501 ($6.31), for a total transaction of £1,385,325.12 ($1,744,082.99). Also, insider David Lockwood sold 395,007 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of GBX 529 ($6.66), for a total value of £2,089,587.03 ($2,630,727.72). Insiders own 0.78% of the company's stock.
Babcock International Group Company Profile
(
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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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