Brokerages Set BAE Systems plc (LON:BA) PT at GBX 1,438

BAE Systems plc (LON:BA) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 1,438 ($18.25).

BA has been the subject of several research analyst reports. Shore Capital reaffirmed a “hold” rating on shares of BAE Systems in a report on Thursday, August 1st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,360 ($17.26) price objective on shares of BAE Systems in a research note on Friday, September 6th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,500 ($19.04) price target on shares of BAE Systems in a report on Thursday, July 25th. Finally, Citigroup upgraded BAE Systems to a “buy” rating and set a GBX 1,440 ($18.27) target price on the stock in a research note on Monday, July 29th.

BAE Systems Trading Up 1.3 %

LON BA opened at GBX 1,312.50 ($16.66) on Friday. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 94.37. BAE Systems has a twelve month low of GBX 1,012.50 ($12.85) and a twelve month high of GBX 1,415.25 ($17.96). The firm has a market capitalization of £39.64 billion, a PE ratio of 2,160.00, a P/E/G ratio of 3.33 and a beta of 0.33. The stock’s 50 day moving average is GBX 1,299.44 and its 200 day moving average is GBX 1,317.97.

Insider Activity at BAE Systems

In other BAE Systems news, insider Tom Arseneault sold 180,787 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of GBX 1,330 ($16.88), for a total transaction of £2,404,467.10 ($3,051,354.19). Company insiders own 0.14% of the company’s stock.

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.