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

Babcock International Group PLC (LON:BAB) declared a dividend on Wednesday, November 13th,Upcoming Dividends.Co.Uk reports. Investors 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 dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, December 5th. The official announcement can be viewed at this link.

Babcock International Group Stock Up 3.0 %

LON BAB traded up GBX 14.80 ($0.19) on Wednesday, hitting GBX 514 ($6.61). 1,971,096 shares of the stock were exchanged, compared to its average volume of 1,413,232. The company has a market cap of £2.60 billion, a PE ratio of 1,625.00, a PEG ratio of 1.35 and a beta of 1.28. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 245.75. Babcock International Group has a fifty-two week low of GBX 373.60 ($4.81) and a fifty-two week high of GBX 594 ($7.64). The company has a 50-day moving average price of GBX 480.82 and a 200-day moving average price of GBX 511.53.

Insiders Place Their Bets

In other news, insider David Mellors sold 276,512 shares of the stock in a transaction dated 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). In other Babcock International Group news, insider David Mellors sold 276,512 shares of the 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 value of £1,385,325.12 ($1,782,685.78). Also, insider David Lockwood sold 395,007 shares of the 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 transaction of £2,089,587.03 ($2,688,955.13). 0.78% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BAB shares. Shore Capital restated a “buy” rating on shares of Babcock International Group in a research report on Wednesday. Berenberg Bank reiterated a “hold” rating and issued a GBX 565 ($7.27) price target on shares of Babcock International Group in a research report on Wednesday. Finally, Bank of America restated a “buy” rating and set a GBX 660 ($8.49) price objective on shares of Babcock International Group in a research report on Monday, September 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 585.80 ($7.54).

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.