Babcock International Group PLC (LON:BAB - Get Free Report) shares rose 11% on Thursday . The company traded as high as GBX 610 ($7.59) and last traded at GBX 602 ($7.49). Approximately 16,318,542 shares were traded during mid-day trading, an increase of 481% from the average daily volume of 2,808,705 shares. The stock had previously closed at GBX 542.50 ($6.75).
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. Berenberg Bank restated a "hold" rating and set a GBX 565 ($7.03) price objective on shares of Babcock International Group in a research report on Wednesday, November 13th. Shore Capital reissued a "buy" rating on shares of Babcock International Group in a report on Wednesday, November 13th.
Check Out Our Latest Research Report on BAB
Babcock International Group Trading Up 6.5 %
The stock has a market cap of £2.92 billion, a P/E ratio of 1,806.25, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The stock's 50-day moving average is GBX 507.06 and its two-hundred day moving average is GBX 501.88. The company has a debt-to-equity ratio of 245.75, a current ratio of 0.86 and a quick ratio of 0.76.
Babcock International Group (LON:BAB - Get Free Report) last released its quarterly earnings data on Monday, November 18th. The company reported GBX 23.50 ($0.29) EPS for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 43.29%. Equities research analysts anticipate that Babcock International Group PLC will post 41.4298019 EPS for the current year.
Babcock International Group Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 5th were paid a GBX 2 ($0.02) dividend. This represents a yield of 0.4%. The ex-dividend date of this dividend was Thursday, December 5th. Babcock International Group's payout ratio is 1,562.50%.
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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