Shares of Babcock International Group PLC (LON:BAB - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 585.80 ($7.67).
A number of research analysts have recently weighed in on BAB shares. Shore Capital reissued a "buy" rating on shares of Babcock International Group in a research report on Wednesday, July 17th. Bank of America restated a "buy" rating and issued a GBX 660 ($8.64) target price on shares of Babcock International Group in a research note on Monday, September 2nd. Finally, Berenberg Bank downgraded Babcock International Group to a "hold" rating and increased their price target for the stock from GBX 510 ($6.67) to GBX 565 ($7.39) in a research note on Wednesday, July 17th.
Get Our Latest Stock Report on BAB
Insiders Place Their Bets
In related news, insider John Ramsay bought 10,000 shares of the company's stock in a transaction on Monday, August 5th. The stock was acquired at an average cost of GBX 496 ($6.49) per share, for a total transaction of £49,600 ($64,912.97). In other Babcock International Group news, insider David Mellors sold 276,512 shares of Babcock International Group stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of GBX 501 ($6.56), for a total transaction of £1,385,325.12 ($1,813,015.47). Also, insider John Ramsay acquired 10,000 shares of the stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of GBX 496 ($6.49) per share, with a total value of £49,600 ($64,912.97). Corporate insiders own 0.78% of the company's stock.
Babcock International Group Stock Performance
Shares of LON:BAB traded up GBX 1.80 ($0.02) during midday trading on Friday, reaching GBX 473.80 ($6.20). The company had a trading volume of 374,961 shares, compared to its average volume of 1,485,114. Babcock International Group has a 52-week low of GBX 373.60 ($4.89) and a 52-week high of GBX 575 ($7.53). The company's 50 day moving average price is GBX 500.26 and its 200 day moving average price is GBX 516.58. 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 stock has a market cap of £2.40 billion, a P/E ratio of 1,476.25, a P/E/G ratio of 1.35 and a beta of 1.28.
Babcock International Group Increases Dividend
The firm also recently disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Thursday, August 22nd were paid a dividend of GBX 3.30 ($0.04) per share. This is a positive change from Babcock International Group's previous dividend of $1.70. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a yield of 0.68%. Babcock International Group's dividend payout ratio (DPR) is currently 1,562.50%.
About Babcock International Group
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Get Free ReportBabcock 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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