Babcock International Group’s (BAB) “Hold” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their hold rating on shares of Babcock International Group (LON:BAB) in a research note published on Wednesday, MarketBeat reports. The firm currently has a GBX 565 ($7.12) price target on the stock.

A number of other research analysts have also weighed in on the stock. Shore Capital reissued a “buy” rating on shares of Babcock International Group in a research note on Wednesday, July 17th. Bank of America reiterated a “buy” rating and issued a GBX 660 ($8.32) target price on shares of Babcock International Group in a report on Monday, September 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 594.75 ($7.50).

Babcock International Group Stock Down 0.1 %

BAB stock opened at GBX 509.50 ($6.42) on Wednesday. The firm has a 50-day simple moving average of GBX 481.26 and a 200-day simple moving average of GBX 511.53. Babcock International Group has a 52 week low of GBX 373.60 ($4.71) and a 52 week high of GBX 594 ($7.49). The stock has a market capitalization of £2.58 billion, a P/E ratio of 1,592.19, a P/E/G 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 Cuts Dividend

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 2 ($0.03) per share. The ex-dividend date is Thursday, December 5th. This represents a dividend yield of 0.4%. Babcock International Group’s payout ratio is currently 1,562.50%.

Insider Buying and Selling at Babcock International Group

In other news, insider David Lockwood sold 395,007 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of GBX 529 ($6.67), for a total transaction of £2,089,587.03 ($2,633,380.00). Also, insider David Mellors sold 276,512 shares of Babcock International Group stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of GBX 501 ($6.31), for a total transaction of £1,385,325.12 ($1,745,841.36). 0.78% of the stock is owned by corporate insiders.

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.