Babcock International Group (OTCMKTS:BCKIY) Sets New 1-Year High - Here's What Happened

Key Points

• Babcock International Group shares reached a new 52-week high, trading at $17.64 on Monday, with a noted increase in trading volume.
• The company has been rated as a "moderate buy" by Royal Bank of Canada, contributing to a consensus rating of "Strong Buy" among analysts.
• Babcock announced a dividend increase to $0.0487 per share, significantly up from the previous rate of $0.03, reflecting a dividend yield of 51.0%.

Shares of Babcock International Group PLC (OTCMKTS:BCKIY - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $17.64 and last traded at $17.58, with a volume of 1494 shares trading hands. The stock had previously closed at $17.32.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada raised Babcock International Group to a "moderate buy" rating in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

Babcock International Group Price Performance

The company has a current ratio of 0.90, a quick ratio of 0.81 and a debt-to-equity ratio of 1.57. The company has a fifty day moving average of $14.41 and a two-hundred day moving average of $12.99.

Babcock International Group Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, August 25th will be issued a dividend of $0.0487 per share. This is a boost from Babcock International Group's previous dividend of $0.03. This represents a dividend yield of 51.0%. The ex-dividend date of this dividend is Friday, August 22nd.

Babcock International Group Company Profile

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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