BAE Systems’ (BA) Sector perform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their sector perform rating on shares of BAE Systems (LON:BA) in a research note issued to investors on Tuesday morning,Digital Look reports. They currently have a GBX 2,200 target price on the stock.

Several other analysts have also recently weighed in on BA. Jefferies Financial Group restated a “hold” rating and set a GBX 2,100 price target on shares of BAE Systems in a report on Friday, July 31st. JPMorgan Chase & Co. upped their price target on shares of BAE Systems from GBX 2,400 to GBX 2,450 and gave the company an “overweight” rating in a research report on Friday, July 31st. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, BAE Systems has a consensus rating of “Hold” and an average target price of GBX 2,275.

BAE Systems Stock Up 1.8%

BA stock opened at GBX 2,270 on Tuesday. The firm has a 50-day moving average price of GBX 1,952.73 and a 200-day moving average price of GBX 2,040.88. BAE Systems has a 12 month low of GBX 1,012.50 and a 12 month high of GBX 1,415.25. The company has a current ratio of 1.02, a quick ratio of 0.91 and a debt-to-equity ratio of 73.96. The stock has a market capitalization of £70.28 billion, a P/E ratio of 38.94, a price-to-earnings-growth ratio of 3.33 and a beta of 0.01.

BAE Systems (LON:BA) last announced its quarterly earnings results on Thursday, July 30th. The company reported GBX 38.90 earnings per share (EPS) for the quarter. BAE Systems had a net margin of 7.19% and a return on equity of 17.49%. As a group, equities research analysts anticipate that BAE Systems will post 73.537927 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider John Pettigrew purchased 7,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of GBX 2,228 per share, for a total transaction of £155,960. Also, insider Brad Greve acquired 2,760 shares of BAE Systems stock in a transaction dated Friday, June 5th. The stock was purchased at an average cost of GBX 1,909 per share, for a total transaction of £52,688.40. Insiders bought a total of 9,776 shares of company stock worth $20,889,624 in the last 90 days. Corporate 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.