Babcock International Group (LON:BAB) Earns “Buy” Rating from Shore Capital

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

Several other analysts also recently issued reports on BAB. Berenberg Bank reissued a “hold” rating and set a GBX 565 ($7.12) target price on shares of Babcock International Group in a research note on Wednesday. Bank of America reissued a “buy” rating and set a GBX 660 ($8.32) price target on shares of Babcock International Group in a research report on Monday, September 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 594.75 ($7.50).

Babcock International Group Stock Down 0.1 %

BAB stock opened at GBX 509.50 ($6.42) on Wednesday. The company’s 50 day simple moving average is GBX 481.26 and its 200-day simple moving average is GBX 511.53. Babcock International Group has a 52-week low of GBX 373.60 ($4.71) and a 52-week high of GBX 594 ($7.49). The company has a debt-to-equity ratio of 245.75, a current ratio of 0.86 and a quick ratio of 0.76. The firm has a market capitalization of £2.58 billion, a P/E ratio of 1,592.19, a P/E/G ratio of 1.35 and a beta of 1.28.

Babcock International Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 17th. Shareholders 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 dividend payout ratio (DPR) is currently 1,562.50%.

Insider Activity

In other news, insider David Mellors sold 276,512 shares of Babcock International Group stock in a transaction dated 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 the stock in a transaction that occurred on Wednesday, August 28th. The stock was 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.

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.