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

BAE Systems plc (LON:BA) has received an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 1,438 ($18.12).

Several analysts have weighed in on the stock. Shore Capital reissued a “hold” rating on shares of BAE Systems in a research note on Thursday, August 1st. Berenberg Bank reissued a “buy” rating and issued a GBX 1,360 ($17.14) price target on shares of BAE Systems in a report on Friday, September 6th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,500 ($18.90) price objective on shares of BAE Systems in a research note on Thursday, July 25th. Finally, Citigroup raised BAE Systems to a “buy” rating and set a GBX 1,440 ($18.15) target price on the stock in a research note on Monday, July 29th.

Insider Buying and Selling

In related news, insider Tom Arseneault sold 180,787 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of GBX 1,330 ($16.76), for a total transaction of £2,404,467.10 ($3,030,204.28). 0.14% of the stock is owned by insiders.

BAE Systems Stock Performance

LON BA opened at GBX 1,287 ($16.22) on Friday. The company’s 50 day simple moving average is GBX 1,299.58 and its two-hundred day simple moving average is GBX 1,318.57. The stock has a market capitalization of £38.87 billion, a PE ratio of 2,145.00, a P/E/G ratio of 3.33 and a beta of 0.33. The company has a debt-to-equity ratio of 94.37, a current ratio of 1.03 and a quick ratio of 0.91. BAE Systems has a 1 year low of GBX 1,012.50 ($12.76) and a 1 year high of GBX 1,415.25 ($17.84).

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.