Brokerages Set BAE Systems plc (LON:BA) Target Price at GBX 2,021.40

BAE Systems plc (LON:BA) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 2,021.40.

BA has been the subject of a number of research analyst reports. Jefferies Financial Group cut BAE Systems to a “hold” rating and upped their target price for the company from GBX 2,060 to GBX 2,120 in a research report on Monday. Berenberg Bank reissued a “hold” rating and issued a GBX 1,850 price objective on shares of BAE Systems in a report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of BAE Systems in a report on Tuesday, October 28th.

BAE Systems Stock Performance

LON BA opened at GBX 1,931.50 on Monday. The company has a fifty day moving average of GBX 1,828.19 and a two-hundred day moving average of GBX 1,845.05. The company has a market capitalization of £59.80 billion, a PE ratio of 33.14, a P/E/G ratio of 3.33 and a beta of 0.33. BAE Systems has a 1 year low of GBX 1,012.50 and a 1 year high of GBX 1,415.25. The company has a debt-to-equity ratio of 94.02, a current ratio of 1.03 and a quick ratio of 0.91.

Insider Transactions at BAE Systems

In other BAE Systems news, insider Ewan Kirk bought 10,000 shares of BAE Systems stock in a transaction dated Friday, December 5th. The stock was acquired at an average cost of GBX 1,678 per share, with a total value of £167,800. Insiders own 0.14% of the company’s stock.

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.