BAE Systems (LON:BA) Price Target Increased to GBX 900 by Analysts at Berenberg Bank

BAE Systems (LON:BA – Get Rating) had its price objective increased by Berenberg Bank from GBX 850 ($10.42) to GBX 900 ($11.03) in a report issued on Tuesday, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently commented on BA. Citigroup reiterated a buy rating on shares of BAE Systems in a research report on Monday, April 4th. Morgan Stanley reiterated an equal weight rating on shares of BAE Systems in a research report on Wednesday, May 11th. Barclays restated an overweight rating and issued a GBX 900 ($11.03) price target on shares of BAE Systems in a research report on Tuesday, May 10th. Deutsche Bank Aktiengesellschaft reiterated a buy rating and issued a GBX 860 ($10.54) price objective on shares of BAE Systems in a report on Tuesday, June 28th. Finally, JPMorgan Chase & Co. raised their target price on BAE Systems from GBX 850 ($10.42) to GBX 870 ($10.66) and gave the stock a neutral rating in a report on Friday, July 15th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, BAE Systems presently has a consensus rating of Moderate Buy and an average price target of GBX 881.60 ($10.80).

BAE Systems Price Performance

Shares of BA stock opened at GBX 802.20 ($9.83) on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.06 and a debt-to-equity ratio of 59.14. BAE Systems has a 12 month low of GBX 7.67 ($0.09) and a 12 month high of GBX 847.42 ($10.38). The firm has a market cap of £25.31 billion and a price-to-earnings ratio of 1,830.23. The stock has a 50-day moving average price of GBX 787.08 and a 200 day moving average price of GBX 720.94.

BAE Systems Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, November 30th. Investors of record on Thursday, October 20th will be issued a dividend of GBX 10.40 ($0.13) per share. The ex-dividend date is Thursday, October 20th. This represents a dividend yield of 1.33%. BAE Systems’s payout ratio is presently 6,046.51%.

BAE Systems Company Profile

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BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. 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 systems, space electronics, and electric drive propulsion systems.