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

BAE Systems (LON:BA)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 1,440 ($18.17) price objective on the stock. Berenberg Bank’s price objective points to a potential upside of 7.74% from the stock’s previous close.

BAE Systems Stock Performance

BAE Systems stock traded down GBX 1.50 ($0.02) during midday trading on Wednesday, hitting GBX 1,336.50 ($16.86). The company’s stock had a trading volume of 8,318,980 shares. BAE Systems has a 1-year low of GBX 1,012.50 ($12.77) and a 1-year high of GBX 1,415.25 ($17.85). The company has a debt-to-equity ratio of 94.02, a current ratio of 1.03 and a quick ratio of 0.91. The company has a 50-day moving average price of GBX 1,196.54 and a two-hundred day moving average price of GBX 1,263.65. The company has a market cap of £41.38 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 3.33 and a beta of 0.33.

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.