BAE Systems (LON:BA) Earns “Overweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of BAE Systems (LON:BA) in a research report report published on Thursday, MarketBeat reports. They currently have a GBX 1,500 ($19.40) price target on the stock.

Separately, Deutsche Bank Aktiengesellschaft lifted their price target on BAE Systems from GBX 1,290 ($16.68) to GBX 1,440 ($18.62) and gave the stock a buy rating in a report on Friday, April 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of GBX 1,402 ($18.13).

BAE Systems Price Performance

LON:BA opened at GBX 1,272.50 ($16.46) on Thursday. The company’s fifty day moving average price is GBX 1,331.09 and its 200 day moving average price is GBX 1,294.15. The stock has a market cap of £38.56 billion, a price-to-earnings ratio of 2,120.83, a price-to-earnings-growth ratio of 3.93 and a beta of 0.36. The company has a debt-to-equity ratio of 62.47, a quick ratio of 0.91 and a current ratio of 1.08.

Insiders Place Their Bets

In other BAE Systems news, insider Charles Woodburn sold 485,694 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of GBX 1,389 ($17.96), for a total value of £6,746,289.66 ($8,725,154.76). In the last ninety days, insiders have purchased 35 shares of company stock worth $46,394. Corporate insiders own 0.36% 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.