Babcock International Group (LON:BAB) Stock Price Up 11% – Here’s Why

Babcock International Group PLC (LON:BAB) shares shot up 11% during mid-day trading on Thursday . The stock traded as high as GBX 610 ($7.57) and last traded at GBX 602 ($7.47). 16,318,542 shares changed hands during mid-day trading, an increase of 481% from the average session volume of 2,808,705 shares. The stock had previously closed at GBX 542.50 ($6.73).

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Berenberg Bank reissued a “hold” rating and set a GBX 565 ($7.01) price objective on shares of Babcock International Group in a research report on Wednesday, November 13th. Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a report on Wednesday, November 13th.

Babcock International Group Trading Up 2.9 %

The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 245.75. The firm has a market cap of £3.01 billion, a PE ratio of 1,857.81, a P/E/G ratio of 1.35 and a beta of 1.28. The business has a fifty day moving average price of GBX 508.28 and a 200 day moving average price of GBX 502.46.

Babcock International Group (LON:BAB) last announced its quarterly earnings results on Monday, November 18th. The company reported GBX 23.50 ($0.29) EPS for the quarter. Babcock International Group had a net margin of 3.77% and a return on equity of 43.29%. Analysts forecast that Babcock International Group PLC will post 41.4298019 EPS for the current year.

Babcock International Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 5th were given a GBX 2 ($0.02) dividend. The ex-dividend date was Thursday, December 5th. This represents a dividend yield of 0.4%. Babcock International Group’s dividend payout ratio (DPR) is presently 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.