BAE Systems plc (LON:BA) Insider Brad Greve Acquires 15 Shares of Stock

BAE Systems plc (LON:BA) insider Brad Greve purchased 15 shares of BAE Systems stock in a transaction on Thursday, September 14th. The shares were acquired at an average cost of GBX 1,049 ($12.99) per share, for a total transaction of £157.35 ($194.91).

Brad Greve also recently made the following trade(s):

• On Friday, July 14th, Brad Greve purchased 17 shares of BAE Systems stock. The shares were acquired at an average cost of GBX 917 ($11.36) per share, for a total transaction of £155.89 ($193.10).

BAE Systems Trading Up 0.4 %

Shares of LON:BA opened at GBX 1,055 ($13.07) on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.91 and a debt-to-equity ratio of 61.08. The stock has a 50-day moving average of GBX 978.58 and a two-hundred day moving average of GBX 969.62. The company has a market capitalization of £32.07 billion, a price-to-earnings ratio of 1,695.16, a PEG ratio of 2.52 and a beta of 0.54.

BAE Systems Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 19th will be paid a GBX 11.50 ($0.14) dividend. The ex-dividend date is Thursday, October 19th. This represents a dividend yield of 1.23%. BAE Systems’s dividend payout ratio (DPR) is presently 4,516.13%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BA shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,150 ($14.25) price target on shares of BAE Systems in a research report on Thursday, September 7th. Citigroup reaffirmed a “buy” rating on shares of BAE Systems in a research report on Tuesday, July 11th. Shore Capital reaffirmed a “buy” rating on shares of BAE Systems in a research report on Wednesday, August 2nd. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,100 ($13.63) target price on shares of BAE Systems in a research report on Tuesday, June 27th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 1,000 ($12.39) target price on shares of BAE Systems in a research report on Friday, June 16th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, BAE Systems has a consensus rating of “Moderate Buy” and an average price target of GBX 1,052.29 ($13.03).

About BAE Systems

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.