Babcock International Group (OTCMKTS:BCKIY) Shares Up 6% - Still a Buy?

Key Points

• Babcock International Group's shares surged by 6% on Monday, reaching a trading price of $14.15.
• The stock experienced a decline in trading volume, with only 1,461 shares traded compared to an average of 24,130 shares.
• Babcock International operates in sectors including aerospace, defense, and security, and divides its operations into four segments: Marine, Nuclear, Land, and Aviation.

Shares of Babcock International Group PLC (OTCMKTS:BCKIY - Get Free Report) were up 6% during mid-day trading on Monday . The stock traded as high as $14.15 and last traded at $14.15. Approximately 1,461 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 24,130 shares. The stock had previously closed at $13.36.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upgraded Babcock International Group to a "moderate buy" rating in a research 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 business has a fifty day moving average price of $14.25 and a 200 day moving average price of $11.76.

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 $0.0487 dividend. The ex-dividend date is Friday, August 22nd. This represents a yield of 51.0%. This is an increase 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.