Myles Lee Buys 5,000 Shares of Babcock International Group PLC (LON:BAB) Stock

Babcock International Group PLC (LON:BAB) insider Myles Lee acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was acquired at an average price of GBX 481 ($6.29) per share, with a total value of £24,050 ($31,425.58).

Shares of LON:BAB traded down GBX 5.10 ($0.07) on Friday, reaching GBX 458.20 ($5.99). 2,424,874 shares of the company were exchanged, compared to its average volume of 2,170,000. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 48.99. Babcock International Group PLC has a 1-year low of GBX 410.10 ($5.36) and a 1-year high of GBX 813.60 ($10.63). The company has a market capitalization of $2.32 billion and a price-to-earnings ratio of 11.63. The stock’s 50-day simple moving average is GBX 477.99.

The business also recently declared a dividend, which will be paid on Friday, August 9th. Stockholders of record on Thursday, July 4th will be paid a dividend of GBX 22.90 ($0.30) per share. The ex-dividend date of this dividend is Thursday, July 4th. This is a boost from Babcock International Group’s previous dividend of $7.10. This represents a dividend yield of 4.86%. Babcock International Group’s dividend payout ratio is 0.76%.

Several analysts have recently weighed in on BAB shares. Numis Securities downgraded shares of Babcock International Group to an “add” rating in a research report on Friday, June 14th. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 550 ($7.19) price target on shares of Babcock International Group in a research report on Monday, June 17th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Babcock International Group in a research report on Tuesday, June 18th. Shore Capital reiterated a “buy” rating on shares of Babcock International Group in a research report on Thursday, June 6th. Finally, Goldman Sachs Group downgraded shares of Babcock International Group to a “neutral” rating and reduced their price target for the company from GBX 850 ($11.11) to GBX 550 ($7.19) in a research report on Thursday, May 30th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Babcock International Group presently has a consensus rating of “Hold” and an average price target of GBX 621.44 ($8.12).

Babcock International Group Company Profile

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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