BAE Systems (LON:BA) Shares Up 0.1% – Here’s Why

by · The Markets Daily

BAE Systems plc (LON:BA – Get Free Report) shares rose 0.1% on Monday . The stock traded as high as GBX 1,718.50 and last traded at GBX 1,711.50. Approximately 766,369 shares changed hands during trading, The stock had previously closed at GBX 1,710.

Analyst Upgrades and Downgrades

Several research firms have commented on BA. Morgan Stanley reissued an “overweight” rating on shares of BAE Systems in a report on Friday, September 5th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of BAE Systems in a research note on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft raised their price target on BAE Systems from GBX 2,170 to GBX 2,220 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,850 price objective on shares of BAE Systems in a report on Wednesday, November 12th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,996.75.

View Our Latest Research Report on BAE Systems

BAE Systems Stock Performance

The firm has a market capitalization of £53.06 billion, a PE ratio of 29.41, a P/E/G ratio of 3.33 and a beta of 0.33. The business has a 50-day simple moving average of GBX 1,747.73 and a 200-day simple moving average of GBX 1,830.03. The company has a debt-to-equity ratio of 94.02, a current ratio of 1.03 and a quick ratio of 0.91.

Insiders Place Their Bets

In related news, insider Ewan Kirk purchased 10,000 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was bought at an average cost of GBX 1,678 per share, for a total transaction of £167,800. In the last 90 days, insiders acquired 10,016 shares of company stock worth $16,810,832. Corporate insiders own 0.14% of the company’s stock.

BAE Systems Company Profile

(Get Free Report)

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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