BAE Systems’ (BA) Buy Rating Reaffirmed at Berenberg Bank

BAE Systems (LON:BA)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research note issued on Tuesday, MarketBeat Ratings reports. They presently have a GBX 1,440 ($18.37) price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 20.20% from the stock’s previous close.

BAE Systems Price Performance

Shares of LON:BA opened at GBX 1,198 ($15.28) on Tuesday. The firm has a 50 day simple moving average of GBX 1,295.21 and a 200 day simple moving average of GBX 1,306.77. The company has a market cap of £36.18 billion, a price-to-earnings ratio of 1,965.00, a PEG ratio of 3.33 and a beta of 0.33. BAE Systems has a one year low of GBX 1,012.50 ($12.92) and a one year high of GBX 1,415.25 ($18.05). The company has a debt-to-equity ratio of 94.37, a current ratio of 1.03 and a quick ratio of 0.91.

Insiders Place Their Bets

In other BAE Systems news, insider Tom Arseneault sold 152,999 shares of BAE Systems stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of GBX 1,330 ($16.97), for a total transaction of £2,034,886.70 ($2,595,849.85). 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.