Deutsche Bank Aktiengesellschaft Boosts BAE Systems (LON:BA) Price Target to GBX 1,440

BAE Systems (LON:BA) had its target price upped by Deutsche Bank Aktiengesellschaft from GBX 1,290 ($16.33) to GBX 1,440 ($18.23) in a research report released on Friday, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the company. Citigroup started coverage on BAE Systems in a report on Friday, March 8th. They set a neutral rating and a GBX 1,400 ($17.72) target price on the stock. Shore Capital reiterated a buy rating on shares of BAE Systems in a report on Wednesday, February 21st. Barclays increased their target price on BAE Systems from GBX 1,250 ($15.82) to GBX 1,450 ($18.35) and gave the company an overweight rating in a report on Tuesday, March 12th. JPMorgan Chase & Co. increased their target price on BAE Systems from GBX 1,300 ($16.45) to GBX 1,400 ($17.72) and gave the company an overweight rating in a report on Thursday, February 22nd. Finally, Berenberg Bank reiterated a buy rating and set a GBX 1,220 ($15.44) target price on shares of BAE Systems in a report on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of GBX 1,335 ($16.90).

BAE Systems Stock Performance

LON BA opened at GBX 1,318.50 ($16.69) on Friday. BAE Systems has a 1-year low of GBX 883.40 ($11.18) and a 1-year high of GBX 1,378 ($17.44). The company has a market capitalization of £39.82 billion, a P/E ratio of 2,197.50, a PEG ratio of 3.64 and a beta of 0.35. The business has a 50 day moving average price of GBX 1,275.41 and a 200 day moving average price of GBX 1,154.61. The company has a debt-to-equity ratio of 62.47, a current ratio of 1.08 and a quick ratio of 0.91.

BAE Systems Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, April 18th will be given a GBX 18.50 ($0.23) dividend. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from BAE Systems’s previous dividend of $11.50. This represents a yield of 1.48%. BAE Systems’s dividend payout ratio (DPR) is 5,000.00%.

Insider Buying and Selling at BAE Systems

In other BAE Systems news, insider Charles Woodburn sold 331,716 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of GBX 1,255 ($15.88), for a total value of £4,163,035.80 ($5,268,998.61). In other BAE Systems news, insider Charles Woodburn sold 331,716 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of GBX 1,255 ($15.88), for a total value of £4,163,035.80 ($5,268,998.61). Also, insider Cressida Hogg acquired 13,698 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was bought at an average cost of GBX 1,320 ($16.71) per share, for a total transaction of £180,813.60 ($228,849.01). Insiders have purchased 16,854 shares of company stock valued at $23,107,260 over the last three months. 0.36% of the stock is owned by company 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.