BAE Systems (LON:BA) Given New GBX 1,440 Price Target at Deutsche Bank Aktiengesellschaft

BAE Systems (LON:BA) had its price target raised by Deutsche Bank Aktiengesellschaft from GBX 1,290 ($16.33) to GBX 1,440 ($18.23) in a research report sent to investors on Friday, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on BA. Shore Capital restated a buy rating on shares of BAE Systems in a research note on Wednesday, February 21st. Barclays raised their target price on BAE Systems from GBX 1,250 ($15.82) to GBX 1,450 ($18.35) and gave the company an overweight rating in a research report on Tuesday, March 12th. Citigroup assumed coverage on BAE Systems in a research report on Friday, March 8th. They set a neutral rating and a GBX 1,400 ($17.72) target price for the company. Berenberg Bank reaffirmed a buy rating and set a GBX 1,220 ($15.44) target price on shares of BAE Systems in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. raised their target price on BAE Systems from GBX 1,300 ($16.45) to GBX 1,400 ($17.72) and gave the company an overweight rating in a research report on Thursday, February 22nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of GBX 1,335 ($16.90).

BAE Systems Price Performance

Shares of BA opened at GBX 1,318.50 ($16.69) on Friday. BAE Systems has a 12-month low of GBX 883.40 ($11.18) and a 12-month high of GBX 1,378 ($17.44). The business’s fifty day moving average is GBX 1,275.41 and its 200 day moving average is GBX 1,152.64. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 62.47. The stock has a market cap of £39.82 billion, a P/E ratio of 2,143.33, a P/E/G ratio of 3.64 and a beta of 0.35.

BAE Systems Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, April 18th will be given a dividend of GBX 18.50 ($0.23) per share. The ex-dividend date is Thursday, April 18th. This is a positive change from BAE Systems’s previous dividend of $11.50. This represents a yield of 1.48%. BAE Systems’s payout ratio is presently 5,000.00%.

Insider Activity

In related news, insider Charles Woodburn sold 331,716 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of GBX 1,255 ($15.88), for a total value of £4,163,035.80 ($5,268,998.61). In related news, insider Charles Woodburn sold 331,716 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of GBX 1,255 ($15.88), for a total value of £4,163,035.80 ($5,268,998.61). Also, insider Nicole Piasecki bought 3,132 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average price of GBX 1,595 ($20.19) per share, with a total value of £49,955.40 ($63,226.68). In the last quarter, insiders have purchased 16,867 shares of company stock worth $23,122,678. 0.36% of the stock is currently owned by corporate insiders.

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.