BAE Systems (LON:BA) Price Target Raised to GBX 2,300

BAE Systems (LON:BA) had its price objective upped by Berenberg Bank from GBX 2,000 to GBX 2,300 in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 1.37% from the company’s current price.

Separately, Jefferies Financial Group downgraded shares of BAE Systems to a “hold” rating and lifted their target price for the stock from GBX 2,060 to GBX 2,120 in a research note on Monday, February 2nd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, BAE Systems currently has an average rating of “Moderate Buy” and an average target price of GBX 2,208.

BAE Systems Trading Up 2.2%

Shares of BA traded up GBX 49 during trading hours on Thursday, hitting GBX 2,269. The company had a trading volume of 6,646,766 shares. BAE Systems has a 52-week low of GBX 1,012.50 and a 52-week high of GBX 1,415.25. The company has a quick ratio of 0.91, a current ratio of 0.99 and a debt-to-equity ratio of 89.65. The stock’s 50 day moving average price is GBX 1,973.40 and its 200 day moving average price is GBX 1,877.23. The firm has a market cap of £70.25 billion, a P/E ratio of 38.93, a P/E/G ratio of 3.33 and a beta of 0.33.

BAE Systems (LON:BA) last posted its quarterly earnings results on Wednesday, February 18th. The company reported GBX 75.20 earnings per share (EPS) for the quarter. BAE Systems had a return on equity of 18.23% and a net margin of 7.28%. On average, research analysts predict that BAE Systems will post 73.537927 EPS for the current year.

Insider Transactions at BAE Systems

In related news, insider Ewan Kirk acquired 10,000 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was acquired at an average cost of GBX 1,678 per share, for a total transaction of £167,800. Over the last quarter, insiders have acquired 10,015 shares of company stock worth $16,810,420. 0.14% of the stock is currently owned by insiders.

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.