Babcock International Group (LON:BAB) Stock Price Passes Above Two Hundred Day Moving Average of $503.94

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Babcock International Group PLC (LON:BAB) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $503.94 and traded as high as $580.20. Babcock International Group shares last traded at $579.80, with a volume of 1,420,514 shares trading hands.

A number of research analysts have recently commented on BAB shares. Barclays restated an “underweight” rating on shares of Babcock International Group in a research note on Wednesday, November 27th. Peel Hunt restated a “hold” rating on shares of Babcock International Group in a research note on Wednesday, November 20th. Shore Capital restated a “buy” rating on shares of Babcock International Group in a research note on Wednesday, November 20th. Jefferies Financial Group restated a “buy” rating and issued a GBX 825 ($10.78) target price on shares of Babcock International Group in a research note on Wednesday, November 20th. Finally, Liberum Capital restated a “buy” rating on shares of Babcock International Group in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 598.30 ($7.82).

The company has a debt-to-equity ratio of 85.12, a quick ratio of 0.93 and a current ratio of 1.07. The company has a market cap of $2.89 billion and a P/E ratio of 10.84. The stock has a 50-day moving average of GBX 551.26 and a two-hundred day moving average of GBX 503.94.

The business also recently disclosed a dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 5th will be given a dividend of GBX 7.20 ($0.09) per share. This represents a yield of 1.33%. The ex-dividend date of this dividend is Thursday, December 5th. Babcock International Group’s dividend payout ratio (DPR) is presently 0.56%.

In related news, insider Ruth Cairnie acquired 2,500 shares of Babcock International Group stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average price of GBX 521 ($6.81) per share, with a total value of £13,025 ($17,019.47).

About Babcock International Group (LON:BAB)

Babcock International Group PLC, together with its subsidiaries, provides engineering services for marine, land, aviation, and nuclear sectors in the United Kingdom and internationally. The company delivers through-life marine engineering services, including supporting naval fleets, commercial marine, engineering consultancy, weapons handling, equipment support, intelligence and cyber-security, and technical training to defense and civil customers.

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