Babcock International Group’s (BAB) “Buy” Rating Reaffirmed at Shore Capital

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

BAB has been the subject of a number of other research reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 565 ($7.27) target price on shares of Babcock International Group in a report on Wednesday. Bank of America reissued a “buy” rating and set a GBX 660 ($8.49) price objective on shares of Babcock International Group in a research note on Monday, September 2nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 585.80 ($7.54).

Babcock International Group Trading Up 1.6 %

Shares of BAB opened at GBX 522.05 ($6.72) on Wednesday. The stock’s fifty day simple moving average is GBX 480.92 and its 200-day simple moving average is GBX 511.56. The firm has a market capitalization of £2.64 billion, a PE ratio of 1,606.25, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. Babcock International Group has a 12-month low of GBX 373.60 ($4.81) and a 12-month high of GBX 594 ($7.64). The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 245.75.

Babcock International Group Cuts Dividend

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

Insiders Place Their Bets

In other news, 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 ($6.81), for a total value of £2,089,587.03 ($2,688,955.13). In other Babcock International Group news, insider David Lockwood sold 395,007 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of GBX 529 ($6.81), for a total value of £2,089,587.03 ($2,688,955.13). Also, insider David Mellors sold 276,512 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of GBX 501 ($6.45), for a total transaction of £1,385,325.12 ($1,782,685.78). Corporate 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.