BAE Systems (LON:BA) Rating Reiterated by Barclays

BAE Systems (LON:BAGet Rating)‘s stock had its “overweight” rating reaffirmed by equities researchers at Barclays in a research note issued on Tuesday, Marketbeat Ratings reports. They currently have a GBX 900 ($11.10) price objective on the stock. Barclays‘s target price would suggest a potential upside of 20.94% from the stock’s current price.

Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 860 ($10.60) target price on shares of BAE Systems in a report on Friday. Morgan Stanley reaffirmed an “equal weight” rating on shares of BAE Systems in a report on Wednesday, March 9th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 850 ($10.48) target price on shares of BAE Systems in a report on Thursday, May 5th. Citigroup reiterated a “buy” rating on shares of BAE Systems in a research report on Monday, April 4th. Finally, JPMorgan Chase & Co. increased their price target on BAE Systems from GBX 830 ($10.23) to GBX 850 ($10.48) and gave the stock a “neutral” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, BAE Systems has a consensus rating of “Buy” and a consensus target price of GBX 823 ($10.15).

BAE Systems stock opened at GBX 744.20 ($9.18) on Tuesday. The firm has a market cap of £23.49 billion and a price-to-earnings ratio of 13.61. BAE Systems has a 52 week low of GBX 495.70 ($6.11) and a 52 week high of GBX 782.40 ($9.65). The business’s 50-day moving average price is GBX 737.98 and its 200 day moving average price is GBX 630.61. The company has a quick ratio of 0.85, a current ratio of 1.01 and a debt-to-equity ratio of 85.02.

In related news, insider Charles Woodburn sold 25,216 shares of the stock in a transaction on Tuesday, March 22nd. The stock was sold at an average price of GBX 734 ($9.05), for a total value of £185,085.44 ($228,190.65). Insiders bought 64 shares of company stock worth $44,688 over the last ninety days.

BAE Systems Company Profile (Get Rating)

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. 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 systems, space electronics, and electric drive propulsion systems.

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