BAE Systems (LON:BA) Trading Down 1% – Should You Sell?

Shares of BAE Systems plc (LON:BA) were down 1% during mid-day trading on Wednesday . The stock traded as low as GBX 2,044.18 and last traded at GBX 2,066. Approximately 8,339,498 shares traded hands during mid-day trading, The stock had previously closed at GBX 2,086.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BA. 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. JPMorgan Chase & Co. reissued an “overweight” rating on shares of BAE Systems in a research note on Tuesday, October 28th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,996.75.

BAE Systems Trading Down 1.0%

The firm has a market cap of £63.96 billion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 3.33 and a beta of 0.33. The company has a debt-to-equity ratio of 94.02, a quick ratio of 0.91 and a current ratio of 1.03. The company has a 50 day moving average price of GBX 1,780.70 and a 200 day moving average price of GBX 1,837.92.

Insiders Place Their Bets

In related news, insider Ewan Kirk purchased 10,000 shares of the company’s stock in a transaction on Friday, December 5th. The stock was acquired at an average cost of GBX 1,678 per share, for a total transaction of £167,800. 0.14% of the stock is currently owned by company insiders.

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.