BAE Systems plc (LON:BA) Given Average Rating of "Moderate Buy" by Brokerages
BAE Systems plc (LON:BA) has garnered a consensus "Moderate Buy" rating from six analysts. Among these, one has issued a hold rating while five endorse a buy. The average one-year price target is GBX 1,410. Recent ratings include JPMorgan's "overweight" call with a GBX 1,500 target and Citigroup's upgrade to a buy with a GBX 1,440 target. Additionally, BAE Systems will distribute a GBX 12.40 dividend on December 2nd, with the current stock price at GBX 1,363.
Shares of BAE Systems plc (LON:BA - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 1,410 ($18.59).
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BA has been the subject of a number of analyst reports. Shore Capital reissued a "hold" rating on shares of BAE Systems in a research report on Thursday, August 1st. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 1,500 ($19.78) price objective on shares of BAE Systems in a report on Thursday, July 25th. Finally, Citigroup upgraded shares of BAE Systems to a "buy" rating and set a GBX 1,440 ($18.99) target price on the stock in a research note on Monday, July 29th.
Get Our Latest Report on BAE Systems
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In related news, insider Charles Woodburn sold 485,694 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of GBX 1,389 ($18.32), for a total value of £6,746,289.66 ($8,896,597.20). In the last quarter, insiders acquired 35 shares of company stock worth $46,383. 0.38% of the stock is owned by company insiders.
BAE Systems Price Performance
BA stock opened at GBX 1,363 ($17.97) on Friday. The firm has a market cap of £41.30 billion, a P/E ratio of 2,271.67, a price-to-earnings-growth ratio of 3.72 and a beta of 0.33. The company has a debt-to-equity ratio of 94.37, a quick ratio of 0.91 and a current ratio of 1.03. BAE Systems has a 1 year low of GBX 968.60 ($12.77) and a 1 year high of GBX 1,415.25 ($18.66). The stock has a 50-day simple moving average of GBX 1,297.86 and a 200-day simple moving average of GBX 1,316.64.
BAE Systems Cuts Dividend
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The firm also recently disclosed a dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, October 24th will be issued a GBX 12.40 ($0.16) dividend. This represents a yield of 0.96%. The ex-dividend date is Thursday, October 24th. BAE Systems's dividend payout ratio (DPR) is 5,166.67%.
About BAE Systems
(Get Free ReportBAE 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.
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