Babcock International Group (LON:BAB) Stock Price Up 11% – What’s Next?

Babcock International Group PLC (LON:BAB)’s stock price shot up 11% on Thursday . The company traded as high as GBX 610 ($7.57) and last traded at GBX 602 ($7.47). 16,318,542 shares changed hands during mid-day trading, an increase of 481% from the average session volume of 2,808,705 shares. The stock had previously closed at GBX 542.50 ($6.73).

Analysts Set New Price Targets

Several analysts have recently weighed in on BAB shares. Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a research note on Wednesday, November 13th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 565 ($7.01) price target on shares of Babcock International Group in a research note on Wednesday, November 13th.

Babcock International Group Trading Up 2.9 %

The firm has a market cap of £3.01 billion, a price-to-earnings ratio of 1,857.81, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The business has a 50 day moving average of GBX 508.28 and a 200 day moving average of GBX 502.46. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 245.75.

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 net margin of 3.77% and a return on equity of 43.29%. On average, research analysts forecast 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 announced a dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 5th were paid a GBX 2 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a yield of 0.4%. Babcock International Group’s payout ratio 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.