Babcock International Group PLC (LON:BAB) Announces GBX 7.20 Dividend
Babcock International Group PLC (LON:BAB) declared a dividend on Wednesday, November 20th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 5th will be given a dividend of GBX 7.20 ($0.09) per share on Friday, January 17th. This represents a yield of 1.33%. The ex-dividend date is Thursday, December 5th. The official announcement can be seen at this link.
LON BAB opened at GBX 564.80 ($7.38) on Thursday. The stock has a market cap of $2.76 billion and a PE ratio of 14.34. Babcock International Group has a fifty-two week low of GBX 410.10 ($5.36) and a fifty-two week high of GBX 604.60 ($7.90). The business has a 50 day moving average price of GBX 535.90 and a two-hundred day moving average price of GBX 499.79. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 48.99.
BAB has been the subject of a number of analyst reports. Peel Hunt restated a “hold” rating on shares of Babcock International Group in a report on Wednesday. Shore Capital restated a “buy” rating on shares of Babcock International Group in a report on Wednesday. Liberum Capital restated a “buy” rating on shares of Babcock International Group in a report on Wednesday. Barclays initiated coverage on Babcock International Group in a report on Tuesday, November 5th. They issued an “underweight” rating and a GBX 470 ($6.14) price target for the company. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 825 ($10.78) price target on shares of Babcock International Group in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 598.30 ($7.82).
About Babcock International Group
Babcock International Group PLC, together with its subsidiaries, provides engineering services for marine, land, aviation, and nuclear sectors in the United Kingdom and internationally. The company delivers through-life marine engineering services, including supporting naval fleets, commercial marine, engineering consultancy, weapons handling, equipment support, intelligence and cyber-security, and technical training to defense and civil customers.
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