Babcock International Group (LON:BAB) Trading Up 9.3% - Here's What Happened

Babcock International Group PLC (LON:BAB - Get Free Report) shares traded up 9.3% during mid-day trading on Thursday . The company traded as high as GBX 610 ($7.59) and last traded at GBX 593 ($7.37). 16,525,711 shares changed hands during mid-day trading, an increase of 487% from the average session volume of 2,816,673 shares. The stock had previously closed at GBX 542.50 ($6.75).

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Shore Capital reaffirmed a "buy" rating on shares of Babcock International Group in a research report on Wednesday, November 13th. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 565 ($7.03) target price on shares of Babcock International Group in a research report on Wednesday, November 13th.

Babcock International Group Stock Up 6.5 %

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 firm has a market capitalization of £2.92 billion, a P/E ratio of 1,806.25, a P/E/G ratio of 1.35 and a beta of 1.28. The stock has a fifty day moving average price of GBX 508.28 and a two-hundred day moving average price of GBX 502.46.

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

Babcock International Group Cuts Dividend

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

Babcock International Group Company Profile

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.