Babcock International Group (LON:BAB) Earns Hold Rating from Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of Babcock International Group (LON:BAB) in a research note released on Wednesday morning, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 565 ($7.12) price objective on the stock.

A number of other research analysts have also recently weighed in on BAB. Shore Capital restated a “buy” rating on shares of Babcock International Group in a research report on Wednesday, July 17th. Bank of America restated a “buy” rating and set a GBX 660 ($8.32) target price on shares of Babcock International Group in a report on Monday, September 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Babcock International Group has a consensus rating of “Moderate Buy” and an average target price of GBX 594.75 ($7.50).

Babcock International Group Trading Down 0.1 %

Shares of BAB opened at GBX 509.50 ($6.42) on Wednesday. The firm has a market capitalization of £2.58 billion, a P/E ratio of 1,592.19, a PEG ratio of 1.35 and a beta of 1.28. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 245.75. The firm’s 50-day moving average is GBX 481.26 and its two-hundred day moving average is GBX 511.53. Babcock International Group has a twelve month low of GBX 373.60 ($4.71) and a twelve month high of GBX 594 ($7.49).

Babcock International Group Cuts Dividend

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

Insider Activity at Babcock International Group

In other news, insider David Mellors sold 276,512 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was 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 on Wednesday, August 28th. The shares were sold at an average price of GBX 529 ($6.67), for a total value of £2,089,587.03 ($2,633,380.00). 0.78% of the stock is currently 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.