BAE Systems (LON:BA) Shares Up 0.1% – Time to Buy?

Shares of BAE Systems plc (LON:BA) traded up 0.1% during trading on Monday . The company traded as high as GBX 1,718.50 and last traded at GBX 1,711.50. 766,369 shares changed hands during mid-day trading, The stock had previously closed at GBX 1,710.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating on shares of BAE Systems in a report on Friday, September 5th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of BAE Systems in a research report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft increased their price target on BAE Systems from GBX 2,170 to GBX 2,220 and gave the stock a “buy” rating in a research report on Friday, September 12th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 1,850 price objective on shares of BAE Systems in a report on Wednesday, November 12th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 1,996.75.

BAE Systems Stock Up 0.1%

The firm’s fifty day simple moving average is GBX 1,754.13 and its two-hundred day simple moving average is GBX 1,832.17. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 94.02. The company has a market capitalization of £52.99 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 3.33 and a beta of 0.33.

Insiders Place Their Bets

In other BAE Systems news, insider Ewan Kirk bought 10,000 shares of BAE Systems stock in a transaction on Friday, December 5th. The shares were bought at an average price of GBX 1,678 per share, for a total transaction of £167,800. Insiders purchased 10,016 shares of company stock valued at $16,810,832 in the last ninety days. Corporate insiders own 0.14% of the company’s stock.

About BAE Systems

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.