Babcock International Group (LON:BAB) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Babcock International Group PLC (LON:BAB)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 508.69 ($6.39) and traded as high as GBX 509.50 ($6.40). Babcock International Group shares last traded at GBX 499.80 ($6.28), with a volume of 954,664 shares traded.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BAB shares. Bank of America reiterated a “buy” rating and issued a GBX 660 ($8.29) price objective on shares of Babcock International Group in a research note on Monday, September 2nd. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a research report on Wednesday, November 13th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 565 ($7.10) price objective on shares of Babcock International Group in a research note on Wednesday, November 13th.

Babcock International Group Stock Performance

The stock’s 50-day moving average is GBX 498.22 and its 200 day moving average is GBX 508.14. The stock has a market cap of £2.51 billion, a price-to-earnings ratio of 1,548.63, a P/E/G ratio of 1.35 and a beta of 1.28. The company has a debt-to-equity ratio of 245.75, a current ratio of 0.86 and a quick ratio of 0.76.

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 issued a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a dividend yield of 0.4%. Babcock International Group’s dividend payout ratio is currently 1,562.50%.

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.