Zacks Investment Research Downgrades BABCOCK Intl Gr/ADR (OTCMKTS:BCKIY) to Hold

Zacks Investment Research downgraded shares of BABCOCK Intl Gr/ADR (OTCMKTS:BCKIY) from a buy rating to a hold rating in a research report report published on Tuesday, Zacks.com reports.

According to Zacks, “Babcock International Group PLC offers engineering support services to the defense, energy, emergency services, transport and education sectors. The Company’s operating segment consists of Marine and Technology, Defence and Security, Support Services and International. Marine and Technology segment offers engineering support services to the Royal Navy. Defence and Security segment provides to the United Kingdom’s armed forces, delivering technical training and asset management. Support Services segment manages assets, delivers programs and teaches vital skills for civil Governments and blue-chip commercial organizations. Mission Critical Services business is a provider of helicopter and fixed-wing emergency services and crew change services for oil and gas operators primarily in Europe and Australia. Babcock International Group PLC is headquartered in London, the United Kingdom. “

Shares of BABCOCK Intl Gr/ADR stock opened at $7.80 on Tuesday. The business has a fifty day simple moving average of $7.80 and a 200-day simple moving average of $6.54. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 0.77. BABCOCK Intl Gr/ADR has a 12 month low of $5.65 and a 12 month high of $7.80.

The firm also recently announced a Semi-Annual dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, December 6th were given a $0.082 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This is a boost from BABCOCK Intl Gr/ADR’s previous Semi-Annual dividend of $0.08. BABCOCK Intl Gr/ADR’s dividend payout ratio (DPR) is 15.45%.

BABCOCK Intl Gr/ADR Company Profile

Babcock International Group Plc engages in the provision of engineering support services to government organizations and key industries in the private sector. It operates through the following business segments: Marine, Land, Aviation, and Nuclear. The Marine segment provides through-life support of submarines, naval ships, and infrastructure; and operates an international naval support business.

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