Babcock International Group (LON:BAB) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Babcock International Group PLC (LON:BAB) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 508.69 ($6.36) and traded as high as GBX 509.50 ($6.37). Babcock International Group shares last traded at GBX 499.80 ($6.25), with a volume of 954,664 shares changing hands.

Analyst Ratings Changes

Several analysts have recently weighed in on BAB shares. Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a research report on Wednesday, November 13th. Bank of America reaffirmed a “buy” rating and set a GBX 660 ($8.25) price objective on shares of Babcock International Group in a report on Monday, September 2nd. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 565 ($7.06) target price on shares of Babcock International Group in a report on Wednesday, November 13th.

Babcock International Group Stock Down 0.0 %

The firm has a market cap of £2.53 billion, a price-to-earnings ratio of 1,561.88, a PEG ratio of 1.35 and a beta of 1.28. The business’s 50-day moving average is GBX 497.32 and its 200-day moving average is GBX 508.69. 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 Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 5th will be paid a GBX 2 ($0.02) dividend. This represents a dividend yield of 0.4%. The ex-dividend date is Thursday, December 5th. Babcock International Group’s dividend payout ratio (DPR) is currently 1,562.50%.

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.