BAE Systems (LON:BA) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

BAE Systems plc (LON:BA) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 1,986.68 and traded as high as GBX 2,012. BAE Systems shares last traded at GBX 2,012, with a volume of 3,435,713 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. 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 report on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised their price objective on BAE Systems from GBX 2,140 to GBX 2,325 and gave the stock a “hold” rating in a research note on Monday, August 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,200 price objective on shares of BAE Systems in a research note on Tuesday, August 11th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 2,100 price objective on shares of BAE Systems in a research report on Friday, July 31st. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 2,275.

BAE Systems Stock Performance

The company has a debt-to-equity ratio of 73.96, a quick ratio of 0.91 and a current ratio of 1.02. The company has a market capitalization of £63.06 billion, a P/E ratio of 34.95, a P/E/G ratio of 3.33 and a beta of 0.01. The business’s fifty day simple moving average is GBX 1,986.68 and its 200-day simple moving average is GBX 2,030.02.

BAE Systems (LON:BA) last released its quarterly earnings data on Thursday, July 30th. The company reported GBX 38.90 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 analysts anticipate that BAE Systems plc will post 73.54 earnings per share for the current fiscal year.

Insider Activity

In other news, insider John Pettigrew purchased 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was bought 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 valued at $15,656,326 over the last quarter. 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.