Brokerages Set BAE Systems plc (LON:BA) Price Target at GBX 2,228

Shares of BAE Systems plc (LON:BA) have been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 2,228.

Separately, Jefferies Financial Group restated a “hold” rating and issued a GBX 2,200 price objective on shares of BAE Systems in a report on Thursday, May 7th.

BAE Systems Stock Performance

Shares of LON:BA opened at GBX 1,971 on Thursday. The company has a debt-to-equity ratio of 76.81, a current ratio of 0.99 and a quick ratio of 0.91. BAE Systems has a 1 year low of GBX 1,012.50 and a 1 year high of GBX 1,415.25. The firm has a market capitalization of £61.02 billion, a PE ratio of 33.81, a P/E/G ratio of 3.33 and a beta of 0.01. The business’s 50 day moving average price is GBX 1,927.75 and its 200-day moving average price is GBX 2,016.47.

Insider Transactions at BAE Systems

In other news, insider Tom Arseneault sold 44,140 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of GBX 2,032, for a total value of £896,924.80. Also, insider Brad Greve purchased 2,760 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was acquired at an average cost of GBX 1,909 per share, for a total transaction of £52,688.40. Insiders bought 2,776 shares of company stock valued at $5,295,056 over the last quarter. Company insiders own 0.14% of the company’s stock.

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.