Insider Buying: BAE Systems (LON:BA) Insider Buys £155,960 in Stock

BAE Systems plc (LON:BA) insider John Pettigrew bought 7,000 shares of the stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of GBX 2,228 per share, for a total transaction of £155,960.

BAE Systems Price Performance

BA traded up GBX 24 on Tuesday, reaching GBX 2,244. 3,431,286 shares of the company’s stock were exchanged. The stock has a market cap of £69.47 billion, a PE ratio of 38.50, a P/E/G ratio of 3.33 and a beta of 0.01. BAE Systems plc has a twelve month low of GBX 1,012.50 and a twelve month high of GBX 1,415.25. The stock’s fifty day moving average price is GBX 1,932.44 and its 200-day moving average price is GBX 2,036.43. The company has a debt-to-equity ratio of 73.96, a current ratio of 1.02 and a quick ratio of 0.91.

BAE Systems (LON:BA) last announced its quarterly earnings data on Thursday, July 30th. The company reported GBX 38.90 earnings per share (EPS) for the quarter. BAE Systems had a net margin of 7.19% and a return on equity of 17.49%. Sell-side analysts expect that BAE Systems plc will post 73.537927 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BA. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,200 price target on shares of BAE Systems in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on BAE Systems from GBX 2,400 to GBX 2,450 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,100 target price on shares of BAE Systems in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of BAE Systems from GBX 2,140 to GBX 2,325 and gave the company a “hold” rating in a research note on Monday. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 2,275.

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.