Babcock International Group (LON:BAB) Trading Up 11% – Time to Buy?

Shares of Babcock International Group PLC (LON:BAB) were up 11% during mid-day trading on Thursday . The company traded as high as GBX 610 ($7.63) and last traded at GBX 602 ($7.53). Approximately 16,318,542 shares were traded during trading, an increase of 481% from the average daily volume of 2,808,705 shares. The stock had previously closed at GBX 542.50 ($6.78).

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BAB. Berenberg Bank reissued a “hold” rating and issued a GBX 565 ($7.06) price objective on shares of Babcock International Group in a research report on Wednesday, November 13th. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a report on Wednesday, November 13th.

Babcock International Group Stock Up 9.7 %

The firm has a market capitalization of £3.01 billion, a price-to-earnings ratio of 1,859.84, a P/E/G ratio of 1.35 and a beta of 1.28. 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 company’s 50 day moving average price is GBX 507.06 and its 200 day moving average price is GBX 501.88.

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

Babcock International Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 5th were issued a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, December 5th. Babcock International Group’s dividend payout ratio (DPR) is 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.