Babcock International Group PLC (BAB) to Issue Dividend of GBX 2 on January 17th

Babcock International Group PLC (LON:BAB) declared a dividend on Wednesday, November 13th,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, December 5th will be given a dividend of GBX 2 ($0.03) per share on Friday, January 17th. This represents a yield of 0.4%. The ex-dividend date of this dividend is Thursday, December 5th. The official announcement can be accessed at this link.

Babcock International Group Price Performance

Shares of BAB stock opened at GBX 526.50 ($6.66) on Tuesday. The stock has a fifty day simple moving average of GBX 489.40 and a two-hundred day simple moving average of GBX 511.81. The stock has a market capitalization of £2.66 billion, a price-to-earnings ratio of 1,593.75, a P/E/G ratio of 1.35 and a beta of 1.28. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 245.75. Babcock International Group has a twelve month low of GBX 373.60 ($4.73) and a twelve month high of GBX 594 ($7.52).

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BAB shares. Bank of America reiterated a “buy” rating and issued a GBX 660 ($8.35) price objective on shares of Babcock International Group in a research note on Monday, September 2nd. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 565 ($7.15) price target on shares of Babcock International Group in a report on Wednesday, November 13th. Finally, Shore Capital reissued a “buy” rating on shares of Babcock International Group in a research note on Wednesday, November 13th.

Insider Buying and Selling

In other news, insider David Mellors sold 276,512 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of GBX 501 ($6.34), for a total transaction of £1,385,325.12 ($1,753,354.16). 0.78% of the stock is currently owned by insiders.

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.