BAE Systems (LON:BA) Given “Equal Weight” Rating at Barclays

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Barclays reissued their equal weight rating on shares of BAE Systems (LON:BA) in a research note released on Monday morning, Digital Look reports. The firm currently has a GBX 550 ($7.19) price objective on the stock.

Several other analysts have also commented on the stock. UBS Group reiterated a neutral rating and issued a GBX 530 ($6.93) price target (up from GBX 505 ($6.60)) on shares of BAE Systems in a research report on Monday, July 29th. Deutsche Bank lowered their price target on shares of BAE Systems from GBX 690 ($9.02) to GBX 685 ($8.95) and set a buy rating on the stock in a research report on Monday, August 12th. Berenberg Bank increased their price target on shares of BAE Systems from GBX 560 ($7.32) to GBX 655 ($8.56) and gave the company a buy rating in a research report on Monday, August 5th. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 530 ($6.93) price target on shares of BAE Systems in a research report on Wednesday, July 17th. Finally, Credit Suisse Group reiterated an outperform rating and issued a GBX 600 ($7.84) price target on shares of BAE Systems in a research report on Thursday, June 27th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. BAE Systems has a consensus rating of Buy and a consensus price target of GBX 602.30 ($7.87).

BA stock opened at GBX 571.80 ($7.47) on Monday. The company’s 50 day simple moving average is GBX 545.75 and its 200-day simple moving average is GBX 497.81. The firm has a market capitalization of $18.41 billion and a PE ratio of 13.81. BAE Systems has a 12 month low of GBX 439.40 ($5.74) and a 12 month high of GBX 643.60 ($8.41). The company has a debt-to-equity ratio of 90.79, a current ratio of 1.06 and a quick ratio of 0.93.

The company also recently announced a dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, October 17th will be given a dividend of GBX 9.40 ($0.12) per share. The ex-dividend date is Thursday, October 17th. This represents a yield of 1.7%. BAE Systems’s dividend payout ratio (DPR) is currently 0.46%.

About BAE Systems

BAE Systems plc operates as a defense, aerospace, and security company worldwide. Its Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.

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