Babcock International Group PLC (LON:BAB) Declares Dividend of GBX 2

Babcock International Group PLC (LON:BAB) announced a dividend on Wednesday, November 13th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, December 5th will be paid a dividend of GBX 2 ($0.03) per share on Friday, January 17th. This represents a yield of 0.4%. The ex-dividend date of this dividend is Thursday, December 5th. The official announcement can be seen at this link.

Babcock International Group Stock Performance

Shares of LON:BAB traded down GBX 3.50 ($0.05) on Thursday, reaching GBX 510.50 ($6.57). 42,631,348 shares of the company’s stock were exchanged, compared to its average volume of 1,598,066. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 245.75. Babcock International Group has a twelve month low of GBX 373.60 ($4.81) and a twelve month high of GBX 594 ($7.64). The company has a fifty day moving average of GBX 480.92 and a 200-day moving average of GBX 511.56. The company has a market capitalization of £2.58 billion, a price-to-earnings ratio of 1,606.25, a PEG ratio of 1.35 and a beta of 1.28.

Insiders Place Their Bets

In other news, insider David Mellors sold 276,512 shares of Babcock International Group stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of GBX 501 ($6.45), for a total transaction of £1,385,325.12 ($1,782,685.78). In other Babcock International Group news, insider David Mellors sold 276,512 shares of Babcock International Group stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of GBX 501 ($6.45), for a total transaction of £1,385,325.12 ($1,782,685.78). Also, insider David Lockwood sold 395,007 shares of the stock in a transaction dated 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). Insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BAB shares. Berenberg Bank reiterated a “hold” rating and set a GBX 565 ($7.27) target price on shares of Babcock International Group in a research report on Wednesday. Bank of America reissued a “buy” rating and issued a GBX 660 ($8.49) target price on shares of Babcock International Group in a report on Monday, September 2nd. Finally, Shore Capital reaffirmed a “buy” rating on shares of Babcock International Group in a report on Wednesday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 585.80 ($7.54).

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.