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

Babcock International Group PLC (LON:BAB) declared 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 Price Performance

Babcock International Group stock opened at GBX 506.50 ($6.52) on Friday. The company has a debt-to-equity ratio of 245.75, a quick ratio of 0.76 and a current ratio of 0.86. The company’s fifty day moving average price is GBX 481.10 and its 200 day moving average price is GBX 511.55. The stock has a market capitalization of £2.56 billion, a P/E ratio of 1,593.75, a P/E/G ratio of 1.35 and a beta of 1.28. Babcock International Group has a 1 year low of GBX 373.60 ($4.81) and a 1 year high of GBX 594 ($7.64).

Analysts Set New Price Targets

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

Insider Transactions at Babcock International Group

In other news, insider David Mellors sold 276,512 shares of Babcock International Group stock in a transaction that occurred on 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). Also, 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). 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.