Babcock International Group (LON:BAB) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Babcock International Group PLC (LON:BAB) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 511.71 ($6.47) and traded as high as GBX 535.51 ($6.78). Babcock International Group shares last traded at GBX 519.50 ($6.57), with a volume of 2,093,590 shares changing hands.

Analyst Ratings Changes

Several research analysts 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 reiterated a “buy” rating and set a GBX 660 ($8.35) price target on shares of Babcock International Group in a report on Monday, September 2nd. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 565 ($7.15) price objective on shares of Babcock International Group in a report on Wednesday, November 13th.

Babcock International Group Trading Down 0.7 %

The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 245.75. The business has a 50-day simple moving average of GBX 483.06 and a 200-day simple moving average of GBX 511.71. The company has a market cap of £2.63 billion, a PE ratio of 1,623.44, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.

Babcock International Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 5th will be paid a dividend of GBX 2 ($0.03) per share. This represents a yield of 0.4%. The ex-dividend date is Thursday, December 5th. Babcock International Group’s payout ratio is 1,562.50%.

Insider Buying and Selling at Babcock International Group

In other Babcock International Group news, insider David Lockwood sold 395,007 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of GBX 529 ($6.69), for a total value of £2,089,587.03 ($2,644,042.81). Also, insider David Mellors sold 276,512 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of GBX 501 ($6.34), for a total transaction of £1,385,325.12 ($1,752,910.44). 0.78% of the stock is currently 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.