Babcock International Group (LON:BAB) Earns “Buy” Rating from Bank of America

Bank of America reissued their buy rating on shares of Babcock International Group (LON:BAB) in a report issued on Monday morning, Digital Look reports. Bank of America currently has a GBX 660 ($8.68) target price on the stock.

BAB has been the subject of a number of other reports. Shore Capital reaffirmed a buy rating on shares of Babcock International Group in a research note on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and set a GBX 625 ($8.22) price target on shares of Babcock International Group in a research report on Tuesday, May 7th. Finally, Berenberg Bank downgraded Babcock International Group to a hold rating and raised their target price for the company from GBX 510 ($6.71) to GBX 565 ($7.43) in a report on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of GBX 585.80 ($7.70).

Babcock International Group Stock Down 2.2 %

Shares of LON BAB opened at GBX 512.50 ($6.74) on Monday. Babcock International Group has a 1 year low of GBX 369 ($4.85) and a 1 year high of GBX 575 ($7.56). The company has a debt-to-equity ratio of 245.75, a current ratio of 0.86 and a quick ratio of 0.76. The company has a market capitalization of £2.59 billion, a P/E ratio of 1,601.56, a P/E/G ratio of 1.35 and a beta of 1.28. The company has a 50 day simple moving average of GBX 523.27 and a 200-day simple moving average of GBX 521.30.

Babcock International Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, August 22nd will be issued 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. This represents a yield of 0.68%. The ex-dividend date is Thursday, August 22nd. Babcock International Group’s dividend payout ratio (DPR) is currently 1,562.50%.

Insiders Place Their Bets

In other Babcock International Group news, insider John Ramsay acquired 10,000 shares of Babcock International Group stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of GBX 496 ($6.52) per share, for a total transaction of £49,600 ($65,220.25). In other Babcock International Group news, insider David Lockwood sold 395,007 shares of Babcock International Group stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of GBX 529 ($6.96), for a total value of £2,089,587.03 ($2,747,648.95). Also, insider John Ramsay bought 10,000 shares of Babcock International Group stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of GBX 496 ($6.52) per share, with a total value of £49,600 ($65,220.25). 0.59% of the stock is owned by corporate insiders.

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.