Babcock International Group (OTCMKTS:BCKIY) Shares Gap Down - What's Next?

Key Points

• Babcock International Group shares experienced a significant gap down, opening at **$17.55**, down from a previous close of **$18.17**, with a trading volume of **21,255 shares**.
• Royal Bank Of Canada upgraded the stock to a **“moderate buy”** rating, contributing to a consensus "Strong Buy" rating from analysts.
• The company declared a **dividend** of **$0.0487** per share, scheduled for payment on **October 15**, representing a yield of **51.0%**, which is an increase from the previous **$0.03** dividend.

Babcock International Group PLC (OTCMKTS:BCKIY - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $18.17, but opened at $17.55. Babcock International Group shares last traded at $17.55, with a volume of 21,255 shares traded.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upgraded Babcock International Group to a "moderate buy" rating in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Strong Buy".

Babcock International Group Price Performance

The firm has a fifty day simple moving average of $14.55 and a two-hundred day simple moving average of $13.07. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.81 and a current ratio of 0.90.

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.

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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