Babcock International Group (LON:BAB) Reaches New 52-Week High – Here’s What Happened

Babcock International Group PLC (LON:BAB)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 600.50 ($7.45) and last traded at GBX 584.50 ($7.25), with a volume of 15673331 shares traded. The stock had previously closed at GBX 542.50 ($6.73).

Analysts Set New Price Targets

A number of brokerages have commented on BAB. Berenberg Bank reiterated a “hold” rating and issued a GBX 565 ($7.01) price objective on shares of Babcock International Group in a research report on Wednesday, November 13th. Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a report on Wednesday, November 13th.

Babcock International Group Stock Performance

The stock’s 50 day moving average is GBX 508.28 and its two-hundred day moving average is GBX 502.46. The firm has a market capitalization of £3.01 billion, a P/E ratio of 1,857.81, a P/E/G ratio of 1.35 and a beta of 1.28. The company has a debt-to-equity ratio of 245.75, a current ratio of 0.86 and a quick ratio of 0.76.

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

Babcock International Group Cuts Dividend

The business also recently announced 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 was 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.