BAE Systems (LON:BA) Trading Up 0.8% – Here’s Why

BAE Systems plc (LON:BAGet Free Report)’s share price rose 0.8% on Thursday . The company traded as high as GBX 1,939.50 and last traded at GBX 1,924. 3,681,878 shares were traded during trading, The stock had previously closed at GBX 1,909.

BAE Systems News Summary

Here are the key news stories impacting BAE Systems this week:

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “hold” rating and issued a GBX 2,200 price target on shares of BAE Systems in a report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,228.

Check Out Our Latest Stock Report on BAE Systems

BAE Systems Price Performance

The business has a 50 day simple moving average of GBX 1,900.17 and a two-hundred day simple moving average of GBX 2,028.50. The firm has a market capitalization of £60.84 billion, a P/E ratio of 33.71, a price-to-earnings-growth ratio of 3.33 and a beta of 0.01. The company has a debt-to-equity ratio of 76.81, a quick ratio of 0.91 and a current ratio of 0.99.

Insider Activity

In related news, insider Brad Greve bought 2,760 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of GBX 1,909 per share, with a total value of £52,688.40. Also, insider Tom Arseneault sold 44,140 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of GBX 2,032, for a total transaction of £896,924.80. Insiders have bought 2,784 shares of company stock valued at $5,304,824 in the last three months. 0.14% of the stock is owned by insiders.

About BAE Systems

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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.

Further Reading

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