Analysts Set BAE Systems plc (LON:BA) Target Price at GBX 1,335

Shares of BAE Systems plc (LON:BA) have been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 1,335 ($16.77).

Several brokerages have commented on BA. Shore Capital reaffirmed a “buy” rating on shares of BAE Systems in a research note on Wednesday, February 21st. Barclays increased their price target on shares of BAE Systems from GBX 1,250 ($15.70) to GBX 1,450 ($18.21) and gave the company an “overweight” rating in a research note on Tuesday, March 12th. JPMorgan Chase & Co. increased their price target on shares of BAE Systems from GBX 1,300 ($16.33) to GBX 1,400 ($17.59) and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Citigroup began coverage on shares of BAE Systems in a research note on Friday, March 8th. They issued a “neutral” rating and a GBX 1,400 ($17.59) price target for the company. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of BAE Systems from GBX 1,290 ($16.20) to GBX 1,440 ($18.09) and gave the company a “buy” rating in a research note on Friday, April 12th.

BAE Systems Stock Up 0.4 %

LON:BA opened at GBX 1,338 ($16.81) on Monday. The firm has a market capitalization of £40.68 billion, a price-to-earnings ratio of 2,221.67, a PEG ratio of 3.79 and a beta of 0.36. The company has a debt-to-equity ratio of 62.47, a quick ratio of 0.91 and a current ratio of 1.08. The company has a 50 day moving average price of GBX 1,302.89 and a 200-day moving average price of GBX 1,180.88.

BAE Systems Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, April 18th will be given a GBX 18.50 ($0.23) dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a dividend yield of 1.48%. This is an increase from BAE Systems’s previous dividend of $11.50. BAE Systems’s payout ratio is 5,000.00%.

Insider Activity

In other BAE Systems news, insider Charles Woodburn sold 331,716 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of GBX 1,255 ($15.76), for a total transaction of £4,163,035.80 ($5,229,287.53). In other news, insider Nicole Piasecki bought 3,132 shares of BAE Systems stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average price of GBX 1,595 ($20.04) per share, for a total transaction of £49,955.40 ($62,750.16). Also, insider Charles Woodburn sold 331,716 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of GBX 1,255 ($15.76), for a total transaction of £4,163,035.80 ($5,229,287.53). Insiders purchased 16,865 shares of company stock worth $23,122,077 in the last quarter. 0.36% of the stock is owned by corporate 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.