Babcock International Group PLC (LON:BAB) Receives GBX 585.80 Consensus Target Price from Analysts

Shares of Babcock International Group PLC (LON:BAB) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 585.80 ($7.74).

Several research firms recently weighed in on BAB. Bank of America restated a “buy” rating and set a GBX 660 ($8.72) price target on shares of Babcock International Group in a research report on Monday, September 2nd. Berenberg Bank downgraded Babcock International Group to a “hold” rating and raised their target price for the company from GBX 510 ($6.74) to GBX 565 ($7.46) in a research report on Wednesday, July 17th. Finally, Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a research report on Wednesday, July 17th.

Insider Buying and Selling

In other Babcock International Group news, insider David Lockwood sold 395,007 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of GBX 529 ($6.99), for a total value of £2,089,587.03 ($2,760,352.75). In other Babcock International Group news, insider David Lockwood sold 395,007 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of GBX 529 ($6.99), for a total value of £2,089,587.03 ($2,760,352.75). Also, insider David Mellors sold 276,512 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of GBX 501 ($6.62), for a total transaction of £1,385,325.12 ($1,830,019.97). 0.76% of the stock is currently owned by company insiders.

Babcock International Group Stock Performance

LON:BAB opened at GBX 480 ($6.34) on Monday. The company has a fifty day moving average of GBX 512.34 and a two-hundred day moving average of GBX 520.41. Babcock International Group has a fifty-two week low of GBX 369 ($4.87) and a fifty-two week high of GBX 575 ($7.60). The stock has a market capitalization of £2.43 billion, a PE ratio of 1,504.38, a P/E/G 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 Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, August 22nd will be given a GBX 3.30 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This is a positive change from Babcock International Group’s previous dividend of $1.70. This represents a dividend yield of 0.68%. Babcock International Group’s dividend payout ratio 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.