Babcock International Group’s (BAB) Buy Rating Reiterated at Shore Capital

Shore Capital reiterated their buy rating on shares of Babcock International Group (LON:BAB) in a research note issued to investors on Wednesday, Marketbeat reports.

Other equities research analysts have also recently issued reports about the company. Berenberg Bank reiterated a “hold” rating and issued a GBX 565 ($7.12) target price on shares of Babcock International Group in a research note on Wednesday. Bank of America reaffirmed a “buy” rating and issued a GBX 660 ($8.32) price objective 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 594.75 ($7.50).

Babcock International Group Stock Down 0.1 %

Shares of Babcock International Group stock opened at GBX 509.50 ($6.42) on Wednesday. The stock has a market capitalization of £2.58 billion, a price-to-earnings ratio of 1,592.19, a PEG ratio of 1.35 and a beta of 1.28. Babcock International Group has a twelve month low of GBX 373.60 ($4.71) and a twelve month high of GBX 594 ($7.49). 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 business’s 50 day simple moving average is GBX 481.26 and its 200-day simple moving average is GBX 511.53.

Babcock International Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 17th. Stockholders 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 dividend yield of 0.4%. Babcock International Group’s payout ratio is 1,562.50%.

Insider Activity

In other news, insider David Mellors sold 276,512 shares of the company’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 value of £1,385,325.12 ($1,745,841.36). Also, insider David Lockwood sold 395,007 shares of the firm’s stock in a transaction dated 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). Corporate insiders own 0.78% of the company’s stock.

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.