BAE Systems plc (LON:BA – Get Free Report) shot up 1.2% on Tuesday. The company traded as high as GBX 1,900 and last traded at GBX 1,882.50. 2,971,821 shares traded hands during mid-day trading, The stock had previously closed at GBX 1,860.
Analyst Ratings Changes
Several analysts recently commented on BA shares. JPMorgan Chase & Co. boosted their price target on BAE Systems from GBX 2,400 to GBX 2,450 and gave the company an “overweight” rating in a research note on Friday, July 31st. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,100 target price on shares of BAE Systems in a research note on Friday, July 31st. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,200 price objective on shares of BAE Systems in a research report on Tuesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on BAE Systems from GBX 2,140 to GBX 2,325 and gave the company a “hold” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, BAE Systems presently has an average rating of “Hold” and a consensus target price of GBX 2,275.
Check Out Our Latest Stock Analysis on BAE Systems
BAE Systems Stock Up 2.1%
The company has a debt-to-equity ratio of 73.96, a current ratio of 1.02 and a quick ratio of 0.91. The stock has a market cap of £58.79 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 3.33 and a beta of 0.01. The firm has a 50 day simple moving average of GBX 2,031.63 and a two-hundred day simple moving average of GBX 2,010.23.
BAE Systems (LON:BA – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported GBX 38.90 earnings per share for the quarter. BAE Systems had a net margin of 7.19% and a return on equity of 17.49%. As a group, sell-side analysts expect that BAE Systems plc will post 73.54 EPS for the current year.
Insider Activity
In other BAE Systems news, insider John Pettigrew purchased 7,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of GBX 2,228 per share, with a total value of £155,960. Insiders bought 7,028 shares of company stock worth $15,656,326 in the last ninety days. 0.14% of the stock is currently owned by company insiders.
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.
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