Babcock International Group (LON:BAB) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Babcock International Group PLC (LON:BAB) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 501.90 ($6.18) and traded as high as GBX 506.50 ($6.24). Babcock International Group shares last traded at GBX 500 ($6.16), with a volume of 636,874 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Berenberg Bank reiterated a “hold” rating and issued a GBX 565 ($6.96) target price on shares of Babcock International Group in a research note on Wednesday, November 13th. Shore Capital reaffirmed a “buy” rating on shares of Babcock International Group in a report on Wednesday, November 13th.

Babcock International Group Stock Down 0.3 %

The firm has a market capitalization of £2.53 billion, a P/E ratio of 1,562.50, a PEG ratio of 1.35 and a beta of 1.28. The company has a debt-to-equity ratio of 245.75, a quick ratio of 0.76 and a current ratio of 0.86. The stock has a 50 day moving average of GBX 505.02 and a 200-day moving average of GBX 501.90.

Babcock International Group (LON:BAB) last posted its quarterly earnings results on Monday, November 18th. The company reported GBX 23.50 ($0.29) earnings per share (EPS) for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 43.29%. Research analysts predict that Babcock International Group PLC will post 41.4298019 earnings per share for the current fiscal year.

Babcock International Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 5th were given a dividend of GBX 2 ($0.02) per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 0.4%. Babcock International Group’s dividend payout ratio is currently 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.