Babcock International Group (LON:BAB) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Babcock International Group PLC (LON:BAB) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 501.90 ($6.18) and traded as high as GBX 506.50 ($6.24). Babcock International Group shares last traded at GBX 500 ($6.16), with a volume of 636,874 shares changing hands.

Analyst Ratings Changes

Several analysts have recently commented on the company. Shore Capital restated a “buy” rating on shares of Babcock International Group in a research note on Wednesday, November 13th. Berenberg Bank reissued a “hold” rating and issued a GBX 565 ($6.96) price objective on shares of Babcock International Group in a research note on Wednesday, November 13th.

Babcock International Group Price Performance

The company has a debt-to-equity ratio of 245.75, a current ratio of 0.86 and a quick ratio of 0.76. The business’s fifty day moving average price is GBX 505.02 and its 200-day moving average price is GBX 501.90. The stock has a market capitalization of £2.53 billion, a price-to-earnings ratio of 1,562.50, a PEG ratio of 1.35 and a beta of 1.28.

Babcock International Group (LON:BAB) last released its quarterly earnings results on Monday, November 18th. The company reported GBX 23.50 ($0.29) earnings per share (EPS) for the quarter. Babcock International Group had a return on equity of 43.29% and a net margin of 3.77%. On average, research analysts forecast that Babcock International Group PLC will post 41.4298019 EPS for the current year.

Babcock International Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 5th were issued a dividend of GBX 2 ($0.02) per share. This represents a yield of 0.4%. The ex-dividend date of this dividend was Thursday, December 5th. Babcock International Group’s dividend payout ratio is 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.