BAE Systems plc (LON:BA) Given Average Rating of “Moderate Buy” by Brokerages

Shares of BAE Systems plc (LON:BA) have earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 1,335 ($16.97).

A number of research firms have commented on BA. Citigroup assumed coverage on BAE Systems in a report on Friday, March 8th. They issued a “neutral” rating and a GBX 1,400 ($17.79) target price for the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,220 ($15.51) target price on shares of BAE Systems in a report on Wednesday, February 21st. Barclays lifted their price target on shares of BAE Systems from GBX 1,250 ($15.89) to GBX 1,450 ($18.43) and gave the company an “overweight” rating in a research report on Tuesday, March 12th. JPMorgan Chase & Co. upped their price target on BAE Systems from GBX 1,300 ($16.52) to GBX 1,400 ($17.79) and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Finally, Shore Capital reaffirmed a “buy” rating on shares of BAE Systems in a report on Wednesday, February 21st.

BAE Systems Stock Up 1.7 %

BA opened at GBX 1,397 ($17.76) on Friday. BAE Systems has a 52 week low of GBX 883.40 ($11.23) and a 52 week high of GBX 1,406.50 ($17.88). The business has a 50 day moving average price of GBX 1,339.43 and a two-hundred day moving average price of GBX 1,212.60. 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 company has a market cap of £42.47 billion, a PE ratio of 2,328.33, a P/E/G ratio of 3.82 and a beta of 0.36.

Insider Transactions at BAE Systems

In other BAE Systems news, insider Charles Woodburn sold 331,716 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of GBX 1,255 ($15.95), for a total transaction of £4,163,035.80 ($5,291,097.86). In other news, insider Charles Woodburn sold 331,716 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of GBX 1,255 ($15.95), for a total value of £4,163,035.80 ($5,291,097.86). Also, insider Cressida Hogg bought 13,698 shares of the stock in a transaction dated Tuesday, March 19th. The stock was bought at an average price of GBX 1,320 ($16.78) per share, with a total value of £180,813.60 ($229,808.85). Insiders have bought a total of 16,864 shares of company stock worth $23,122,223 in the last three months. 0.36% of the stock is currently owned by company 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.