Babcock International Group (OTCMKTS:BCKIY) Hits New 12-Month High - Still a Buy?

Key Points

• Babcock International Group's stock reached a new 52-week high, trading at $16.47, indicating strong momentum in the market.
• The company recently announced an increase in its dividend payout to $0.0487, reflecting a substantial yield of 51.0% for shareholders.
• Royal Bank of Canada upgraded Babcock's stock to a "moderate buy" rating, contributing to a consensus rating of "Strong Buy" among analysts.

Babcock International Group PLC (OTCMKTS:BCKIY - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $16.47 and last traded at $16.27, with a volume of 125691 shares. The stock had previously closed at $16.00.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised Babcock International Group to a "moderate buy" rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock 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 stock has a 50-day simple moving average of $14.17 and a two-hundred day simple moving average of $12.65.

Babcock International Group Increases Dividend

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

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.