BAE Systems plc (LON:BA – Get Free Report) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 2,030.48 and traded as low as GBX 1,953.50. BAE Systems shares last traded at GBX 1,988, with a volume of 6,062,460 shares changing hands.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of BAE Systems from GBX 2,400 to GBX 2,450 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,200 target price on shares of BAE Systems in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of BAE Systems from GBX 2,140 to GBX 2,325 and gave the company a “hold” rating in a research note on Monday, August 10th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 2,100 target price on shares of BAE Systems in a research note on Friday, July 31st. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 2,275.
View Our Latest Analysis on BAE Systems
BAE Systems Trading Down 1.8%
The stock has a 50-day moving average of GBX 1,967.55 and a 200 day moving average of GBX 2,029.46. The stock has a market cap of £57.15 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 3.33 and a beta of 0.01. The company has a quick ratio of 0.91, a current ratio of 1.02 and a debt-to-equity ratio of 73.96.
Insider Buying and Selling
In other BAE Systems news, insider John Pettigrew acquired 7,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of GBX 2,228 per share, with a total value of £155,960. In the last ninety days, insiders have purchased 7,028 shares of company stock worth $15,656,326. Insiders own 0.14% of the company’s stock.
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.
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