Babcock International Group PLC (LON:BAB) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Babcock International Group PLC (LON:BAB) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 585.80 ($7.66).

A number of research firms have recently commented on BAB. Berenberg Bank lowered shares of Babcock International Group to a “hold” rating and upped their price objective for the company from GBX 510 ($6.67) to GBX 565 ($7.39) in a research note on Wednesday, July 17th. Shore Capital reaffirmed a “buy” rating on shares of Babcock International Group in a research report on Wednesday, July 17th. Finally, Bank of America reissued a “buy” rating and issued a GBX 660 ($8.63) price objective on shares of Babcock International Group in a research report on Monday, September 2nd.

Babcock International Group Stock Performance

LON:BAB opened at GBX 472.20 ($6.17) on Monday. The company has a debt-to-equity ratio of 245.75, a quick ratio of 0.76 and a current ratio of 0.86. Babcock International Group has a fifty-two week low of GBX 369 ($4.83) and a fifty-two week high of GBX 575 ($7.52). The company has a 50 day simple moving average of GBX 516.54 and a two-hundred day simple moving average of GBX 520.83. The company has a market capitalization of £2.39 billion, a PE ratio of 1,475.63, a P/E/G ratio of 1.35 and a beta of 1.28.

Babcock International Group Increases Dividend

The business also recently disclosed 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 positive change from Babcock International Group’s previous dividend of $1.70. Babcock International Group’s dividend payout ratio is currently 1,562.50%.

Insider Transactions at Babcock International Group

In other news, insider David Lockwood sold 395,007 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of GBX 529 ($6.92), for a total transaction of £2,089,587.03 ($2,732,557.91). In other Babcock International Group news, insider David Lockwood sold 395,007 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of GBX 529 ($6.92), for a total value of £2,089,587.03 ($2,732,557.91). Also, insider John Ramsay acquired 10,000 shares of Babcock International Group stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of GBX 496 ($6.49) per share, with a total value of £49,600 ($64,862.04). Insiders own 0.70% of the company’s stock.

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.