Babcock International Group (LON:BAB) Trading 9.3% Higher – What’s Next?

Babcock International Group PLC (LON:BAB)’s stock price traded up 9.3% during mid-day trading on Thursday . The company traded as high as GBX 610 ($7.57) and last traded at GBX 593 ($7.36). 16,525,711 shares traded hands during trading, an increase of 487% from the average session volume of 2,816,673 shares. The stock had previously closed at GBX 542.50 ($6.73).

Wall Street Analysts Forecast Growth

Several research firms recently commented on BAB. Berenberg Bank reaffirmed a “hold” rating and set 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 research note on Wednesday, November 13th.

Babcock International Group Trading Up 2.9 %

The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 245.75. The stock has a market capitalization of £3.01 billion, a PE ratio of 1,857.81, a P/E/G ratio of 1.35 and a beta of 1.28. The stock has a 50 day moving average price of GBX 508.28 and a 200-day moving average price of GBX 502.46.

Babcock International Group (LON:BAB) last announced its 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%. Sell-side analysts expect that Babcock International Group PLC will post 41.4298019 earnings per share for the current year.

Babcock International Group Cuts Dividend

The firm 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. The ex-dividend date was Thursday, December 5th. This represents a yield of 0.4%. Babcock International Group’s dividend payout ratio is currently 1,562.50%.

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.