BAE Systems plc (LON:BA) Receives Average Recommendation of “Hold” from Analysts

Shares of BAE Systems plc (LON:BA) have been given an average recommendation of “Hold” by the six ratings firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 2,275.

BA has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BAE Systems from GBX 2,140 to GBX 2,325 and gave the company a “hold” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. increased their price target on shares of BAE Systems from GBX 2,400 to GBX 2,450 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Jefferies Financial Group restated a “hold” rating and set a GBX 2,100 price target on shares of BAE Systems in a research note on Friday, July 31st. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 2,200 price objective on shares of BAE Systems in a research note on Tuesday, August 11th.

Insider Transactions at BAE Systems

In other news, insider Brad Greve bought 2,760 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was bought at an average price of GBX 1,909 per share, for a total transaction of £52,688.40. Also, insider John Pettigrew purchased 7,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of GBX 2,228 per share, for a total transaction of £155,960. Over the last 90 days, insiders acquired 9,790 shares of company stock worth $20,921,250. Company insiders own 0.14% of the company’s stock.

BAE Systems Price Performance

Shares of LON:BA opened at GBX 2,145 on Friday. The firm has a market capitalization of £66.41 billion, a PE ratio of 36.80, a PEG ratio of 3.33 and a beta of 0.01. The company has a current ratio of 1.02, a quick ratio of 0.91 and a debt-to-equity ratio of 73.96. BAE Systems has a 1-year low of GBX 1,012.50 and a 1-year high of GBX 1,415.25. The business’s 50 day moving average is GBX 1,981.63 and its 200-day moving average is GBX 2,048.86.

BAE Systems (LON:BA) last posted its quarterly earnings results 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%. Sell-side analysts predict that BAE Systems will post 73.537927 earnings per share for the current year.

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.