Babcock International Group (LON:BAB) Stock Price Down 1% – Here’s What Happened

Shares of Babcock International Group PLC (LON:BAB) were down 1% on Thursday . The company traded as low as GBX 497.60 ($6.28) and last traded at GBX 497.60 ($6.28). Approximately 869,681 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 1,363,243 shares. The stock had previously closed at GBX 502.50 ($6.34).

Analyst Ratings Changes

Several equities research analysts recently weighed in on BAB shares. Shore Capital restated a “buy” rating on shares of Babcock International Group in a report on Wednesday, November 13th. Berenberg Bank reiterated a “hold” rating and issued a GBX 565 ($7.13) target price on shares of Babcock International Group in a research note on Wednesday, November 13th. Finally, Bank of America reiterated a “buy” rating and issued a GBX 660 ($8.33) target price on shares of Babcock International Group in a report on Monday, September 2nd.

Babcock International Group Trading Up 1.4 %

The company has a market capitalization of £2.55 billion, a P/E ratio of 1,576.56, a P/E/G ratio of 1.35 and a beta of 1.28. The company has a 50-day simple moving average of GBX 495.84 and a 200 day simple moving average of GBX 510.10. The company has a debt-to-equity ratio of 245.75, a quick ratio of 0.76 and a current ratio of 0.86.

Babcock International Group Cuts Dividend

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