Insider Selling: Babcock International Group PLC (LON:BAB) Insider Sells 13,466 Shares of Stock

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Babcock International Group PLC (LON:BAB) insider Archie Bethel sold 13,466 shares of the company’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of GBX 480 ($6.27), for a total value of £64,636.80 ($84,459.43).

LON BAB traded up GBX 8.79 ($0.11) during trading on Friday, hitting GBX 436.79 ($5.71). 1,018,827 shares of the stock traded hands, compared to its average volume of 2,170,000. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 48.99. The company has a 50-day moving average of GBX 460.71. The firm has a market capitalization of $2.21 billion and a P/E ratio of 11.09. Babcock International Group PLC has a 12-month low of GBX 410.10 ($5.36) and a 12-month high of GBX 813.60 ($10.63).

The business also recently declared a dividend, which will be paid on Friday, August 9th. Stockholders of record on Thursday, July 4th will be given a GBX 22.90 ($0.30) dividend. The ex-dividend date of this dividend is Thursday, July 4th. This is a positive change 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 research firms have commented on BAB. Jefferies Financial Group boosted their target price on Linde from $205.00 to $216.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. They noted that the move was a valuation call. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 150 ($1.96) target price on shares of in a report on Monday, June 17th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 1,700 ($22.21) target price on shares of in a report on Tuesday, June 18th. Goldman Sachs Group raised UCB S A/ADR from a “neutral” rating to a “buy” rating in a report on Thursday, May 30th. Finally, Peel Hunt reaffirmed a “buy” rating on shares of Lookers in a report on Monday. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 621.44 ($8.12).

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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