BAE Systems (LON:BA) Stock Price Up 0.9% – Here’s Why

Shares of BAE Systems plc (LON:BA) rose 0.9% during trading on Wednesday . The stock traded as high as GBX 1,635.50 and last traded at GBX 1,624. Approximately 10,782,821 shares were traded during mid-day trading, The stock had previously closed at GBX 1,609.50.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Berenberg Bank restated a “hold” rating and issued a GBX 1,850 target price on shares of BAE Systems in a research report on Wednesday, November 12th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of BAE Systems in a research note on Tuesday, October 28th. Morgan Stanley restated an “overweight” rating on shares of BAE Systems in a research report on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on BAE Systems from GBX 2,170 to GBX 2,220 and gave the company a “buy” rating in a report on Friday, September 12th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,996.75.

BAE Systems Stock Up 0.9%

The firm’s fifty day moving average is GBX 1,859.80 and its 200-day moving average is GBX 1,855.24. The company has a market capitalization of £50.28 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 3.33 and a beta of 0.33. The company has a debt-to-equity ratio of 94.02, a quick ratio of 0.91 and a current ratio of 1.03.

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.