Babcock International Group PLC (LON:BAB) Insider David Lockwood Sells 395,007 Shares of Stock

Babcock International Group PLC (LON:BAB) insider David Lockwood sold 395,007 shares of Babcock International Group stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of GBX 529 ($6.98), for a total transaction of £2,089,587.03 ($2,755,620.51).

Babcock International Group Trading Down 1.6 %

Shares of LON:BAB opened at GBX 521 ($6.87) on Friday. The company has a 50 day moving average of GBX 524.28 and a 200-day moving average of GBX 519.76. 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 has a market cap of £2.63 billion, a P/E ratio of 1,628.13, a P/E/G ratio of 1.35 and a beta of 1.28. Babcock International Group PLC has a twelve month low of GBX 369 ($4.87) and a twelve month high of GBX 575 ($7.58).

Babcock International Group Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, August 22nd will be given a GBX 3.30 ($0.04) dividend. This represents a yield of 0.68%. This is an increase from Babcock International Group’s previous dividend of $1.70. The ex-dividend date is Thursday, August 22nd. Babcock International Group’s dividend payout ratio is 1,562.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 625 ($8.24) price target on shares of Babcock International Group in a report on Tuesday, May 7th. Shore Capital restated a “buy” rating on shares of Babcock International Group in a research report on Wednesday, July 17th. Finally, Berenberg Bank lowered Babcock International Group to a “hold” rating and boosted their price target for the stock from GBX 510 ($6.73) to GBX 565 ($7.45) in a research report on Wednesday, July 17th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 570.80 ($7.53).

About Babcock International Group

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.