BAE Systems (LON:BA) Stock Price Up 0.9% – Should You Buy?

BAE Systems plc (LON:BA)’s share price rose 0.9% during trading on Wednesday . The stock traded as high as GBX 1,635.50 and last traded at GBX 1,624. Approximately 10,782,821 shares were traded during trading, The stock had previously closed at GBX 1,609.50.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of BAE Systems in a research note on Tuesday, October 28th. Morgan Stanley reiterated an “overweight” rating on shares of BAE Systems in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of 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 research note on Wednesday, November 12th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,996.75.

BAE Systems Trading Up 0.9%

The firm has a market capitalization of £50.28 billion, a P/E ratio of 27.86, a PEG ratio of 3.33 and a beta of 0.33. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 94.02. The firm has a 50 day moving average of GBX 1,859.80 and a 200-day moving average of GBX 1,855.24.

BAE Systems Company Profile

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.