Babcock International Group (LON:BAB) Hits New 12-Month High at $605.60

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Babcock International Group PLC (LON:BAB)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 605.60 ($7.97) and last traded at GBX 603.34 ($7.94), with a volume of 103532 shares traded. The stock had previously closed at GBX 595.60 ($7.83).

Several analysts have recently commented on BAB shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 825 ($10.85) target price on shares of Babcock International Group in a research report on Wednesday, November 20th. Shore Capital reaffirmed a “buy” rating on shares of Babcock International Group in a research report on Wednesday, November 20th. Liberum Capital reaffirmed a “buy” rating on shares of Babcock International Group in a research report on Tuesday, November 26th. Barclays reissued an “underweight” rating on shares of Babcock International Group in a research report on Wednesday, November 27th. Finally, Peel Hunt reissued a “hold” rating on shares of Babcock International Group in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 598.30 ($7.87).

The stock has a market cap of $3.06 billion and a price-to-earnings ratio of 11.31. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 85.12. The business has a 50-day moving average of GBX 557.98 and a 200-day moving average of GBX 506.59.

The company 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. The ex-dividend date is Thursday, December 5th. This represents a yield of 1.33%. Babcock International Group’s payout ratio is 0.56%.

In other 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 purchased at an average price of GBX 521 ($6.85) per share, with a total value of £13,025 ($17,133.65).

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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