BAE Systems (LON:BA) Earns Buy Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of BAE Systems (LON:BA) in a report issued on Tuesday, Marketbeat reports. The firm currently has a GBX 1,440 ($18.25) target price on the stock.

BAE Systems Stock Up 1.4 %

Shares of LON:BA opened at GBX 1,214.50 ($15.39) on Tuesday. The stock has a market cap of £36.68 billion, a P/E ratio of 1,996.67, a P/E/G ratio of 3.33 and a beta of 0.33. The firm has a fifty day moving average price of GBX 1,293.20 and a 200 day moving average price of GBX 1,306.01. The company has a debt-to-equity ratio of 94.37, a current ratio of 1.03 and a quick ratio of 0.91. BAE Systems has a 1-year low of GBX 1,012.50 ($12.83) and a 1-year high of GBX 1,415.25 ($17.94).

Insiders Place Their Bets

In related news, insider Tom Arseneault sold 152,999 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of GBX 1,330 ($16.86), for a total value of £2,034,886.70 ($2,579,397.52). 0.14% of the stock is owned by insiders.

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.