BAE Systems plc (LON:BA) Receives Consensus Rating of “Hold” from Brokerages

BAE Systems plc (LON:BA) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 2,275.

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 2,200 price target on shares of BAE Systems in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BAE Systems from GBX 2,140 to GBX 2,325 and gave the company a “hold” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. raised their target price on BAE Systems from GBX 2,400 to GBX 2,450 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 2,100 price target on shares of BAE Systems in a report on Friday, July 31st.

Insider Transactions at BAE Systems

In related news, insider Brad Greve purchased 2,760 shares of BAE Systems stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of GBX 1,909 per share, for a total transaction of £52,688.40. Also, insider John Pettigrew purchased 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of GBX 2,228 per share, for a total transaction of £155,960. Insiders bought 9,790 shares of company stock valued at $20,921,250 in the last three months. Company insiders own 0.14% of the company’s stock.

BAE Systems Trading Down 0.7%

Shares of BAE Systems stock opened at GBX 2,145 on Friday. BAE Systems has a 52-week low of GBX 1,012.50 and a 52-week high of GBX 1,415.25. The stock has a market cap of £66.41 billion, a PE ratio of 36.80, a PEG ratio of 3.33 and a beta of 0.01. The firm has a 50-day moving average of GBX 1,981.63 and a 200-day moving average of GBX 2,048.86. The company has a debt-to-equity ratio of 73.96, a quick ratio of 0.91 and a current ratio of 1.02.

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%. As a group, sell-side analysts forecast that BAE Systems will post 73.537927 EPS for the current year.

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.