Babcock International Group (LON:BAB) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Babcock International Group PLC (LON:BAB)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 508.69 ($6.39) and traded as high as GBX 509.50 ($6.40). Babcock International Group shares last traded at GBX 499.80 ($6.28), with a volume of 954,664 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Shore Capital reaffirmed a “buy” rating on shares of Babcock International Group in a research report on Wednesday, November 13th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 565 ($7.10) target price on shares of Babcock International Group in a research note on Wednesday, November 13th. Finally, Bank of America reissued a “buy” rating and issued a GBX 660 ($8.29) price target on shares of Babcock International Group in a research report on Monday, September 2nd.

Babcock International Group Stock Down 0.8 %

The company has a debt-to-equity ratio of 245.75, a current ratio of 0.86 and a quick ratio of 0.76. The company has a market cap of £2.51 billion, a PE ratio of 1,548.63, a P/E/G ratio of 1.35 and a beta of 1.28. The business’s 50 day moving average is GBX 498.22 and its 200-day moving average is GBX 508.14.

Babcock International Group Cuts Dividend

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

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.