Babcock International Group PLC (LON:BAB) Receives GBX 585.80 Consensus PT from Brokerages

Shares of Babcock International Group PLC (LON:BAB) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms 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 1 year price target among brokerages that have covered the stock in the last year is GBX 585.80 ($7.65).

A number of brokerages have recently weighed in on BAB. Bank of America reiterated a “buy” rating and set a GBX 660 ($8.62) price target on shares of Babcock International Group in a report on Monday, September 2nd. Berenberg Bank downgraded Babcock International Group to a “hold” rating and lifted their price target for the company from GBX 510 ($6.66) to GBX 565 ($7.38) in a report on Wednesday, July 17th. Finally, Shore Capital reissued a “buy” rating on shares of Babcock International Group in a research report on Wednesday, July 17th.

Babcock International Group Stock Performance

Shares of BAB stock opened at GBX 478.20 ($6.24) on Friday. Babcock International Group has a 1-year low of GBX 373.60 ($4.88) and a 1-year high of GBX 575 ($7.51). 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 capitalization of £2.42 billion, a price-to-earnings ratio of 1,491.25, a P/E/G ratio of 1.35 and a beta of 1.28. The stock’s fifty day simple moving average is GBX 498.59 and its 200-day simple moving average is GBX 515.79.

Babcock International Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Thursday, August 22nd were given a dividend of GBX 3.30 ($0.04) per share. This is a boost from Babcock International Group’s previous dividend of $1.70. The ex-dividend date was Thursday, August 22nd. This represents a yield of 0.68%. Babcock International Group’s dividend payout ratio (DPR) is presently 1,562.50%.

Insider Activity at Babcock International Group

In other Babcock International Group news, insider David Lockwood sold 395,007 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of GBX 529 ($6.91), for a total value of £2,089,587.03 ($2,728,632.84). In other Babcock International Group news, insider David Mellors sold 276,512 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of GBX 501 ($6.54), for a total value of £1,385,325.12 ($1,808,990.75). Also, insider David Lockwood sold 395,007 shares of Babcock International Group stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of GBX 529 ($6.91), for a total value of £2,089,587.03 ($2,728,632.84). 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.