Babcock International Group PLC (LON:BAB - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 511.71 ($6.47) and traded as high as GBX 535.51 ($6.78). Babcock International Group shares last traded at GBX 519.50 ($6.57), with a volume of 2,093,590 shares.
Analysts Set New Price Targets
A number of analysts recently issued reports on BAB shares. Berenberg Bank reissued a "hold" rating and issued a GBX 565 ($7.15) target price on shares of Babcock International Group in a research report on Wednesday, November 13th. Shore Capital restated a "buy" rating on shares of Babcock International Group in a research report on Wednesday, November 13th. Finally, Bank of America reaffirmed a "buy" rating and issued a GBX 660 ($8.35) target price on shares of Babcock International Group in a report on Monday, September 2nd.
Check Out Our Latest Stock Report on Babcock International Group
Babcock International Group Stock Down 0.4 %
The company has a market capitalization of £2.62 billion, a price-to-earnings ratio of 1,623.44, a PEG ratio of 1.35 and a beta of 1.28. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 245.75. The firm's 50 day simple moving average is GBX 483.06 and its 200-day simple moving average is GBX 511.71.
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 paid a dividend of GBX 2 ($0.03) per share. The ex-dividend date is Thursday, December 5th. This represents a dividend yield of 0.4%. Babcock International Group's dividend payout ratio (DPR) is 1,562.50%.
Insider Buying and Selling
In related news, insider David Mellors sold 276,512 shares of the firm's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of GBX 501 ($6.34), for a total value of £1,385,325.12 ($1,752,910.44). Also, insider David Lockwood sold 395,007 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of GBX 529 ($6.69), for a total transaction of £2,089,587.03 ($2,644,042.81). 0.78% of the stock is currently owned by corporate insiders.
About Babcock International Group
(
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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