Babcock International Group (OTCMKTS:BCKIY) Sets New 52-Week High - Time to Buy?

Key Points

• Babcock International Group's shares reached a new 52-week high, trading at $16.48, showing increased investor interest with a last trade of $16.47 and a volume of 24,699 shares.
• The Royal Bank of Canada has issued a "moderate buy" rating on Babcock, contributing to the stock's overall average rating of "Strong Buy."
• The company has announced an increased dividend of $0.0487 per share, yielding 51.0%, set to be paid to shareholders on October 15th.

Babcock International Group PLC (OTCMKTS:BCKIY - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $16.48 and last traded at $16.47, with a volume of 24699 shares changing hands. The stock had previously closed at $16.30.

Wall Street Analysts Forecast Growth

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

Babcock International Group Stock Performance

The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.81 and a current ratio of 0.90. The company has a 50-day simple moving average of $14.23 and a 200-day simple moving average of $12.79.

Babcock International Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, August 25th will be given a dividend of $0.0487 per share. This represents a yield of 51.0%. The ex-dividend date 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.

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