BAE Systems’ (BA) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of BAE Systems (LON:BA) in a report issued on Tuesday, Marketbeat reports. The brokerage currently has a GBX 1,440 ($18.25) target price on the stock.

BAE Systems Stock Performance

BA opened at GBX 1,214.50 ($15.39) on Tuesday. The firm’s fifty day simple moving average is GBX 1,293.20 and its two-hundred day simple moving average is GBX 1,306.01. BAE Systems has a 52-week low of GBX 1,012.50 ($12.83) and a 52-week high of GBX 1,415.25 ($17.94). The company has a market cap of £36.68 billion, a price-to-earnings ratio of 1,996.67, a PEG ratio of 3.33 and a beta of 0.33. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 94.37.

Insider Buying and Selling

In other news, insider Tom Arseneault sold 180,787 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of GBX 1,330 ($16.86), for a total value of £2,404,467.10 ($3,047,873.11). 0.14% of the stock is currently owned by company insiders.

BAE Systems Company Profile

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.