Babcock International Group (LON:BAB) Shares Up 11% – Time to Buy?

Babcock International Group PLC (LON:BAB) rose 11% on Thursday . The company traded as high as GBX 610 ($7.63) and last traded at GBX 602 ($7.53). Approximately 16,318,542 shares were traded during mid-day trading, an increase of 481% from the average daily volume of 2,808,705 shares. The stock had previously closed at GBX 542.50 ($6.78).

Analysts Set New Price Targets

Several brokerages have commented on BAB. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a report on Wednesday, November 13th. Berenberg Bank reissued a “hold” rating and issued a GBX 565 ($7.06) price target on shares of Babcock International Group in a research note on Wednesday, November 13th.

Babcock International Group Trading Up 9.7 %

The company has a 50 day simple moving average of GBX 507.06 and a 200 day simple moving average of GBX 501.88. The company has a market capitalization of £3.01 billion, a PE ratio of 1,859.84, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The company has a debt-to-equity ratio of 245.75, a quick ratio of 0.76 and a current ratio of 0.86.

Babcock International Group (LON:BAB) last issued 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 return on equity of 43.29% and a net margin of 3.77%. Analysts anticipate that Babcock International Group PLC will post 41.4298019 earnings per share for the current year.

Babcock International Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 5th were paid a GBX 2 ($0.03) dividend. This represents a dividend yield of 0.4%. The ex-dividend date was Thursday, December 5th. Babcock International Group’s dividend payout ratio is currently 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.