Brokerages Set Babcock International Group PLC (LON:BAB) Price Target at GBX 585.80

Shares of Babcock International Group PLC (LON:BAB) have earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 585.80 ($7.67).

Several equities analysts have issued reports on BAB shares. Berenberg Bank cut shares of Babcock International Group to a “hold” rating and upped their price target for the company from GBX 510 ($6.67) to GBX 565 ($7.39) in a research report 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 reiterated a “buy” rating and issued a GBX 660 ($8.64) price target on shares of Babcock International Group in a research report on Monday, September 2nd.

Babcock International Group Stock Up 0.4 %

Babcock International Group stock opened at GBX 473.80 ($6.20) on Friday. The stock has a market cap of £2.40 billion, a P/E ratio of 1,480.63, a P/E/G ratio of 1.35 and a beta of 1.28. The company’s 50-day moving average price is GBX 499.28 and its two-hundred day moving average price is GBX 516.18. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 245.75. Babcock International Group has a twelve month low of GBX 373.60 ($4.89) and a twelve month high of GBX 575 ($7.53).

Babcock International Group Increases Dividend

The firm also recently announced 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. The ex-dividend date was Thursday, August 22nd. This represents a yield of 0.68%. This is a boost from Babcock International Group’s previous dividend of $1.70. Babcock International Group’s dividend payout ratio (DPR) is currently 1,562.50%.

Insider Buying and Selling at Babcock International Group

In related news, insider John Ramsay acquired 10,000 shares of the stock in a transaction dated Monday, August 5th. The stock was bought at an average price of GBX 496 ($6.49) per share, for a total transaction of £49,600 ($64,912.97). In other news, insider John Ramsay purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of GBX 496 ($6.49) per share, with a total value of £49,600 ($64,912.97). Also, insider David Lockwood sold 395,007 shares of the firm’s stock in a transaction that occurred 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 ($2,734,703.61). Insiders own 0.78% of the company’s stock.

Babcock International Group Company Profile

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.