Brokerages Set BAE Systems plc (LON:BA) Target Price at GBX 1,335

BAE Systems plc (LON:BAGet Free Report) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 1,335 ($16.94).

BA has been the topic of a number of recent research reports. Citigroup began coverage on BAE Systems in a research report on Friday, March 8th. They issued a “neutral” rating and a GBX 1,400 ($17.76) target price on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BAE Systems from GBX 1,290 ($16.36) to GBX 1,440 ($18.27) and gave the company a “buy” rating in a report on Friday, April 12th. Finally, Barclays increased their target price on shares of BAE Systems from GBX 1,250 ($15.86) to GBX 1,450 ($18.39) and gave the stock an “overweight” rating in a report on Tuesday, March 12th.

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BAE Systems Price Performance

BA opened at GBX 1,352.50 ($17.16) on Tuesday. The firm has a market cap of £40.98 billion, a P/E ratio of 2,231.67, a price-to-earnings-growth ratio of 3.93 and a beta of 0.36. The firm has a 50-day moving average price of GBX 1,360.40 and a 200-day moving average price of GBX 1,262.51. The company has a debt-to-equity ratio of 62.47, a current ratio of 1.08 and a quick ratio of 0.91.

Insider Buying and Selling

In other news, insider Charles Woodburn sold 485,694 shares of BAE Systems stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of GBX 1,389 ($17.62), for a total transaction of £6,746,289.66 ($8,558,023.16). Over the last 90 days, insiders acquired 34 shares of company stock worth $45,719. Company insiders own 0.36% of the company’s stock.

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, 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.

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