Brokerages Set Babcock International Group PLC (LON:BAB) PT at GBX 570.80

Babcock International Group PLC (LON:BAB) has earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 570.80 ($7.42).

A number of equities analysts recently weighed in on the stock. Berenberg Bank downgraded shares of Babcock International Group to a “hold” rating and boosted their price target for the stock from GBX 510 ($6.63) to GBX 565 ($7.34) in a report on Wednesday, July 17th. Shore Capital reaffirmed a “buy” rating on shares of Babcock International Group in a research note on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 625 ($8.12) price objective on shares of Babcock International Group in a research note on Tuesday, May 7th.

Insiders Place Their Bets

In related news, insider John Ramsay purchased 10,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of GBX 496 ($6.44) per share, for a total transaction of £49,600 ($64,449.06). Insiders own 0.59% of the company’s stock.

Babcock International Group Stock Performance

LON BAB opened at GBX 531 ($6.90) on Thursday. The company has a fifty day simple moving average of GBX 524.87 and a 200 day simple moving average of GBX 518.05. Babcock International Group has a 12-month low of GBX 369 ($4.79) and a 12-month high of GBX 575 ($7.47). 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 company has a market cap of £2.68 billion, a P/E ratio of 1,659.38, a PEG ratio of 1.35 and a beta of 1.28.

Babcock International Group Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, August 22nd will be issued a GBX 3.30 ($0.04) dividend. This is a boost from Babcock International Group’s previous dividend of $1.70. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a dividend yield of 0.68%. Babcock International Group’s payout ratio is 1,562.50%.

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.