Babcock International Group PLC (LON:BAB – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as GBX 600.50 ($7.45) and last traded at GBX 584.50 ($7.25), with a volume of 15673331 shares. The stock had previously closed at GBX 542.50 ($6.73).
Wall Street Analysts Forecast Growth
Several analysts recently issued reports 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 ($7.01) target price on shares of Babcock International Group in a research report on Wednesday, November 13th.
View Our Latest Stock Report on BAB
Babcock International Group Trading Up 2.9 %
Babcock International Group (LON:BAB – Get Free Report) last released its earnings results on Monday, November 18th. The company reported GBX 23.50 ($0.29) earnings per share for the quarter. Babcock International Group had a return on equity of 43.29% and a net margin of 3.77%. On average, equities research analysts predict that Babcock International Group PLC will post 41.4298019 earnings per share for the current fiscal 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 paid 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 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.
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