Analysts Set BAE Systems plc (LON:BA) PT at GBX 625.50

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BAE Systems plc (LON:BA) has received an average rating of “Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 625.50 ($8.17).

BA has been the subject of several recent research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 590 ($7.71) price target on shares of BAE Systems in a research report on Friday, July 31st. Barclays reiterated an “overweight” rating on shares of BAE Systems in a research report on Monday, August 3rd. UBS Group reiterated a “neutral” rating on shares of BAE Systems in a research report on Monday, July 27th. JPMorgan Chase & Co. dropped their price target on BAE Systems from GBX 765 ($10.00) to GBX 750 ($9.80) and set an “overweight” rating for the company in a research report on Friday, July 31st. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of BAE Systems in a research report on Friday, June 26th.

Shares of BAE Systems stock traded down GBX 1.50 ($0.02) during trading on Wednesday, reaching GBX 498.70 ($6.52). 5,034,166 shares of the stock traded hands, compared to its average volume of 1,189,603. The company has a market capitalization of $16.04 billion and a price-to-earnings ratio of 13.19. The business has a fifty day simple moving average of GBX 520.54 and a two-hundred day simple moving average of GBX 515.10. The company has a debt-to-equity ratio of 130.67, a current ratio of 1.07 and a quick ratio of 0.95. BAE Systems has a 52-week low of GBX 5.69 ($0.07) and a 52-week high of GBX 672.80 ($8.79).

The firm also recently disclosed a dividend, which will be paid on Monday, November 30th. Investors of record on Thursday, October 22nd will be paid a GBX 9.40 ($0.12) dividend. This represents a yield of 1.97%. The ex-dividend date is Thursday, October 22nd. BAE Systems’s dividend payout ratio (DPR) is 50.26%.

In other news, insider Roger Carr purchased 40,546 shares of the business’s stock in a transaction on Friday, July 31st. The shares were acquired at an average cost of GBX 493 ($6.44) per share, with a total value of £199,891.78 ($261,194.02). Also, insider Charles Woodburn sold 23,310 shares of BAE Systems stock in a transaction on Monday, August 3rd. The stock was sold at an average price of GBX 488 ($6.38), for a total transaction of £113,752.80 ($148,638.18). Insiders purchased 40,635 shares of company stock valued at $20,034,375 in the last three months.

BAE Systems Company Profile

BAE Systems plc operates as a defense, aerospace, and security company worldwide. Its Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.

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Analyst Recommendations for BAE Systems (LON:BA)

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