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

Shore Capital restated their buy rating on shares of Babcock International Group (LON:BAB) in a report released on Wednesday, Marketbeat.com reports.

Several other brokerages have also weighed in on BAB. Berenberg Bank restated a “hold” rating and set a GBX 565 ($7.12) target price on shares of Babcock International Group in a research report on Wednesday. Bank of America restated a “buy” rating and issued a GBX 660 ($8.32) price target 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 four have given a buy rating to the stock. According to data from MarketBeat.com, Babcock International Group has an average rating of “Moderate Buy” and a consensus price target of GBX 594.75 ($7.50).

Babcock International Group Stock Performance

LON:BAB opened at GBX 509.50 ($6.42) on Wednesday. The firm’s fifty day simple moving average is GBX 481.26 and its 200-day simple moving average is GBX 511.52. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 245.75. The stock has a market cap of £2.58 billion, a PE ratio of 1,592.19, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. Babcock International Group has a fifty-two week low of GBX 373.60 ($4.71) and a fifty-two week high of GBX 594 ($7.49).

Babcock International Group Cuts Dividend

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

Insider Activity at Babcock International Group

In other news, insider David Mellors sold 276,512 shares of Babcock International Group stock in a transaction dated Thursday, September 5th. The shares were 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 company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of GBX 529 ($6.67), for a total transaction of £2,089,587.03 ($2,633,380.00). 0.78% of the stock is owned by corporate insiders.

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.