Insider Buying: BAE Systems (LON:BA) Insider Buys £158.13 in Stock

BAE Systems plc (LON:BA) insider Brad Greve purchased 7 shares of BAE Systems stock in a transaction dated Friday, August 14th. The shares were purchased at an average price of GBX 2,259 per share, with a total value of £158.13.

Brad Greve also recently made the following trade(s):

• On Monday, June 15th, Brad Greve purchased 8 shares of BAE Systems stock. The stock was purchased at an average cost of GBX 1,877 per share, for a total transaction of £150.16.
• On Friday, June 5th, Brad Greve acquired 2,760 shares of BAE Systems stock. The stock was acquired at an average price of GBX 1,909 per share, for a total transaction of £52,688.40.

BAE Systems Price Performance

BAE Systems stock opened at GBX 2,160 on Friday. The stock has a market cap of £66.87 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 3.33 and a beta of 0.01. The company has a quick ratio of 0.91, a current ratio of 1.02 and a debt-to-equity ratio of 73.96. The business has a 50-day simple moving average of GBX 1,981.63 and a 200 day simple moving average of GBX 2,048.86. BAE Systems plc has a 52 week low of GBX 1,012.50 and a 52 week high of GBX 1,415.25.

BAE Systems (LON:BA) last released its quarterly earnings results on Thursday, July 30th. The company reported GBX 38.90 earnings per share for the quarter. BAE Systems had a return on equity of 17.49% and a net margin of 7.19%. On average, research analysts forecast that BAE Systems plc will post 73.537927 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BA. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 2,100 target price on shares of BAE Systems in a research note on Friday, July 31st. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,200 price target on shares of BAE Systems in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft raised 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of BAE Systems from GBX 2,400 to GBX 2,450 and gave the stock an “overweight” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, BAE Systems has a consensus rating of “Hold” and an average price target of GBX 2,275.

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.