Babcock International Group (OTCMKTS:BCKIY) Upgraded to Moderate Buy at Royal Bank Of Canada

Key Points

• Babcock International Group has received a "moderate buy" rating upgrade from Royal Bank Of Canada, indicating positive investor sentiment.
• The stock price increased by 0.9% to $13.22 during Monday's trading session, with a notable trading volume of 116 shares.
• The company's 1-year stock performance shows a low of $5.96 and a high of $16.40, suggesting significant volatility in its price over the past year.

Royal Bank Of Canada upgraded shares of Babcock International Group (OTCMKTS:BCKIY - Free Report) to a moderate buy rating in a research report sent to investors on Monday,Zacks.com reports.

Babcock International Group Stock Performance

Shares of OTCMKTS BCKIY traded down $0.1420 during midday trading on Monday, reaching $13.5130. The company had a trading volume of 18,718 shares, compared to its average volume of 36,482. Babcock International Group has a 1 year low of $5.96 and a 1 year high of $16.40. The business's 50-day simple moving average is $14.25 and its 200 day simple moving average is $11.80. The company has a current ratio of 0.90, a quick ratio of 0.81 and a debt-to-equity ratio of 1.57.

Babcock International Group Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend 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.