BAE Systems plc (LON:BA) Receives Average Recommendation of “Moderate Buy” from Analysts

BAE Systems plc (LON:BA) has received an average rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 1,410 ($18.02).

Several analysts recently issued reports on BA shares. Shore Capital reaffirmed a “hold” rating on shares of BAE Systems in a report on Thursday, August 1st. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,500 ($19.17) target price on shares of BAE Systems in a research note on Thursday, July 25th. Finally, Citigroup upgraded shares of BAE Systems to a “buy” rating and set a GBX 1,440 ($18.40) price target on the stock in a research report on Monday, July 29th.

Insider Buying and Selling

In other BAE Systems news, insider Charles Woodburn sold 485,694 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of GBX 1,389 ($17.75), for a total value of £6,746,289.66 ($8,621,456.43). Insiders have bought a total of 35 shares of company stock valued at $46,394 in the last quarter. Company insiders own 0.36% of the company’s stock.

BAE Systems Stock Down 0.5 %

BA stock opened at GBX 1,277.50 ($16.33) on Wednesday. The business’s 50-day simple moving average is GBX 1,311.95 and its 200 day simple moving average is GBX 1,302.72. The stock has a market cap of £38.71 billion, a P/E ratio of 2,129.17, a PEG ratio of 3.93 and a beta of 0.36. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 62.47.

BAE Systems Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, October 24th will be issued a dividend of GBX 12.40 ($0.16) per share. This represents a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, October 24th. BAE Systems’s dividend payout ratio (DPR) is 5,000.00%.

BAE Systems Company Profile

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.