BAE Systems (LON:BA) Cut to “Hold” at Jefferies Financial Group

Jefferies Financial Group lowered shares of BAE Systems (LON:BA) to a hold rating in a research note published on Monday morning, MarketBeat.com reports. The firm currently has GBX 2,120 target price on the stock, up from their prior target price of GBX 2,060.

Several other research firms also recently commented on BA. Berenberg Bank reissued a “hold” rating and set a GBX 1,850 price target on shares of BAE Systems in a research note on Wednesday, November 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of BAE Systems in a report on Tuesday, October 28th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,021.40.

BAE Systems Stock Performance

Shares of LON BA opened at GBX 1,931.50 on Monday. The stock has a market cap of £59.80 billion, a price-to-earnings ratio of 33.14, a P/E/G ratio of 3.33 and a beta of 0.33. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 94.02. BAE Systems has a 1-year low of GBX 1,012.50 and a 1-year high of GBX 1,415.25. The stock’s 50-day moving average is GBX 1,828.19 and its 200 day moving average is GBX 1,845.05.

Insider Buying and Selling

In other 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 price of GBX 1,678 per share, with a total value of £167,800. 0.14% of the stock is owned by corporate 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.