Babcock International Group PLC (LON:BAB) Insider David Mellors Sells 276,512 Shares of Stock

Babcock International Group PLC (LON:BAB) insider David Mellors sold 276,512 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of GBX 501 ($6.59), for a total transaction of £1,385,325.12 ($1,821,597.79).

Babcock International Group Stock Performance

Shares of LON:BAB opened at GBX 467.60 ($6.15) on Friday. The company’s 50 day simple moving average is GBX 520.54 and its 200 day simple moving average is GBX 521.18. 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 PLC has a 1 year low of GBX 369 ($4.85) and a 1 year high of GBX 575 ($7.56). The stock has a market capitalization of £2.36 billion, a price-to-earnings ratio of 1,461.25, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.

Babcock International Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, August 22nd will be issued a dividend of GBX 3.30 ($0.04) per share. The ex-dividend date is Thursday, August 22nd. This represents a dividend yield of 0.68%. This is a boost from Babcock International Group’s previous dividend of $1.70. Babcock International Group’s payout ratio is 1,562.50%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Shore Capital restated a “buy” rating on shares of Babcock International Group in a research report on Wednesday, July 17th. Bank of America reissued a “buy” rating and set a GBX 660 ($8.68) price target on shares of Babcock International Group in a research report on Monday, September 2nd. Finally, Berenberg Bank cut Babcock International Group to a “hold” rating and lifted their price objective for the company from GBX 510 ($6.71) to GBX 565 ($7.43) in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 585.80 ($7.70).

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.