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 note released on Monday, August 18th,Zacks.com reports.

Babcock International Group Price Performance

Babcock International Group stock traded up $0.1270 during mid-day trading on Monday, reaching $13.64. 8,935 shares of the company's stock were exchanged, compared to its average volume of 25,352. The business's fifty day simple moving average is $14.25 and its 200 day simple moving average is $11.83. Babcock International Group has a one year low of $5.96 and a one year high of $16.40. 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 firm also recently declared a dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, August 25th will be issued a dividend of $0.0487 per share. This represents a yield of 51.0%. This is an increase from Babcock International Group's previous dividend of $0.03. The ex-dividend date is Friday, August 22nd.

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.