BAE Systems plc (LON:BA) Receives GBX 1,438 Consensus Target Price from Analysts

Shares of BAE Systems plc (LON:BA) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 1,438 ($18.10).

Several research firms have recently weighed in on BA. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,500 ($18.88) target price on shares of BAE Systems in a report on Thursday, July 25th. Shore Capital reaffirmed a “hold” rating on shares of BAE Systems in a research report on Thursday, August 1st. Citigroup raised BAE Systems to a “buy” rating and set a GBX 1,440 ($18.13) target price on the stock in a research report on Monday, July 29th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,360 ($17.12) price target on shares of BAE Systems in a research report on Friday, September 6th.

BAE Systems Stock Performance

Shares of BAE Systems stock opened at GBX 1,325 ($16.68) on Friday. BAE Systems has a one year low of GBX 1,012.50 ($12.75) and a one year high of GBX 1,415.25 ($17.82). The company has a debt-to-equity ratio of 94.37, a quick ratio of 0.91 and a current ratio of 1.03. The company has a market capitalization of £40.02 billion, a PE ratio of 2,166.67, a P/E/G ratio of 3.33 and a beta of 0.33. The company has a 50-day simple moving average of GBX 1,299.65 and a two-hundred day simple moving average of GBX 1,317.81.

Insider Buying and Selling

In other BAE Systems news, insider Tom Arseneault sold 180,787 shares of BAE Systems stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of GBX 1,330 ($16.74), for a total value of £2,404,467.10 ($3,027,152.34). Corporate insiders own 0.14% of the company’s stock.

About BAE Systems

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.