Babcock International Group’s (BAB) Buy Rating Reaffirmed at Shore Capital

Shore Capital reissued their buy rating on shares of Babcock International Group (LON:BAB) in a research report released on Wednesday morning, MarketBeat reports.

A number of other research firms also recently commented on BAB. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 565 ($7.12) target price on shares of Babcock International Group in a research report on Wednesday. Bank of America reissued a “buy” rating and issued a GBX 660 ($8.32) target price on shares of Babcock International Group in a report on Monday, September 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Babcock International Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 594.75 ($7.50).

Babcock International Group Price Performance

BAB stock opened at GBX 509.50 ($6.42) on Wednesday. The business has a 50 day moving average price of GBX 481.26 and a 200 day moving average price of GBX 511.52. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 245.75. The stock has a market cap of £2.58 billion, a price-to-earnings ratio of 1,592.19, a PEG ratio of 1.35 and a beta of 1.28. Babcock International Group has a fifty-two week low of GBX 373.60 ($4.71) and a fifty-two week high of GBX 594 ($7.49).

Babcock International Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 5th will be paid a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a yield of 0.4%. Babcock International Group’s dividend payout ratio is presently 1,562.50%.

Insider Activity

In other Babcock International Group news, insider David Mellors sold 276,512 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of GBX 501 ($6.31), for a total transaction of £1,385,325.12 ($1,745,841.36). Also, 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 ($6.67), for a total transaction of £2,089,587.03 ($2,633,380.00). Corporate insiders own 0.78% 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.