Babcock International Group (LON:BAB) Given “Buy” Rating at Shore Capital

Shore Capital reiterated their buy rating on shares of Babcock International Group (LON:BAB) in a report published on Wednesday, MarketBeat Ratings reports.

Other equities research analysts have also recently issued reports about the company. Berenberg Bank reiterated a “hold” rating and issued a GBX 565 ($7.27) price target on shares of Babcock International Group in a research note on Wednesday. Bank of America reaffirmed a “buy” rating and issued a GBX 660 ($8.49) price objective on shares of Babcock International Group in a report on Monday, September 2nd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 585.80 ($7.54).

Babcock International Group Stock Performance

LON BAB opened at GBX 522.05 ($6.72) on Wednesday. The firm has a 50-day moving average price of GBX 480.92 and a two-hundred day moving average price of GBX 511.56. Babcock International Group has a 12-month low of GBX 373.60 ($4.81) and a 12-month high of GBX 594 ($7.64). The company has a market capitalization of £2.64 billion, a P/E ratio of 1,606.25, a P/E/G ratio of 1.35 and a beta of 1.28. 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 Cuts Dividend

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

Insiders Place Their Bets

In other Babcock International Group 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 ($6.45), for a total value of £1,385,325.12 ($1,782,685.78). In related news, insider David Mellors sold 276,512 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of GBX 501 ($6.45), for a total value of £1,385,325.12 ($1,782,685.78). 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 ($6.81), for a total transaction of £2,089,587.03 ($2,688,955.13). 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.