UBS Group reaffirmed their neutral rating on shares of BAE Systems (LON:BA) in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports.
Several other equities research analysts also recently issued reports on the company. Deutsche Bank lowered their price target on BAE Systems from GBX 690 ($9.02) to GBX 685 ($8.95) and set a buy rating for the company in a report on Monday, August 12th. Barclays restated an equal weight rating and issued a GBX 550 ($7.19) price target on shares of BAE Systems in a report on Monday, September 9th. JPMorgan Chase & Co. restated a neutral rating and issued a GBX 530 ($6.93) price target on shares of BAE Systems in a report on Wednesday, July 17th. Berenberg Bank increased their price objective on BAE Systems from GBX 560 ($7.32) to GBX 655 ($8.56) and gave the stock a buy rating in a report on Monday, August 5th. Finally, Credit Suisse Group reiterated an outperform rating and set a GBX 600 ($7.84) price objective on shares of BAE Systems in a report on Thursday, June 27th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of GBX 602.30 ($7.87).
Shares of BAE Systems stock opened at GBX 570.40 ($7.45) on Thursday. BAE Systems has a 1 year low of GBX 439.40 ($5.74) and a 1 year high of GBX 643.60 ($8.41). The business has a 50-day moving average of GBX 546.69 and a two-hundred day moving average of GBX 498.04. The company has a market capitalization of $18.27 billion and a P/E ratio of 13.78. 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 disclosed a dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, October 17th will be issued a dividend of GBX 9.40 ($0.12) per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a dividend yield of 1.7%. BAE Systems’s payout ratio is presently 0.46%.
BAE Systems Company Profile
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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