Myles Lee Acquires 5,000 Shares of Babcock International Group PLC (LON:BAB) Stock

Babcock International Group PLC (LON:BAB) insider Myles Lee bought 5,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was bought at an average price of GBX 534 ($7.02) per share, with a total value of £26,700 ($35,122.34).

Shares of LON BAB opened at GBX 500 ($6.58) on Friday. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 85.12. The stock has a 50 day simple moving average of GBX 605.90 and a 200-day simple moving average of GBX 555.54. The company has a market cap of $2.53 billion and a PE ratio of 9.35. Babcock International Group PLC has a 12-month low of GBX 410.10 ($5.39) and a 12-month high of GBX 659.80 ($8.68).

The firm also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 5th were given a dividend of GBX 7.20 ($0.09) per share. The ex-dividend date was Thursday, December 5th. This represents a dividend yield of 1.33%. Babcock International Group’s dividend payout ratio is presently 0.56%.

BAB has been the subject of a number of research reports. Barclays restated an “underweight” rating on shares of Babcock International Group in a research note on Wednesday, November 27th. Liberum Capital restated a “buy” rating on shares of Babcock International Group in a research note on Monday, February 10th. JPMorgan Chase & Co. decreased their target price on Babcock International Group from GBX 557 ($7.33) to GBX 549 ($7.22) and set a “neutral” rating for the company in a research note on Thursday. Jefferies Financial Group restated a “buy” rating and issued a GBX 825 ($10.85) target price on shares of Babcock International Group in a research note on Wednesday, November 20th. Finally, Peel Hunt restated an “add” rating and issued a GBX 668 ($8.79) target price on shares of Babcock International Group in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 597 ($7.85).

About Babcock International Group

Babcock International Group PLC, together with its subsidiaries, provides engineering services for marine, land, aviation, and nuclear sectors in the United Kingdom and internationally. The company delivers through-life marine engineering services, including supporting naval fleets, commercial marine, engineering consultancy, weapons handling, equipment support, intelligence and cyber-security, and technical training to defense and civil customers.

Further Reading: Trading Ex-Dividend

Receive News & Ratings for Babcock International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Babcock International Group and related companies with MarketBeat.com's FREE daily email newsletter.