BAE Systems (LON:BA) Earns “Overweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of BAE Systems (LON:BA) in a report published on Thursday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has a GBX 1,500 ($19.40) target price on the stock.

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on BAE Systems from GBX 1,290 ($16.68) to GBX 1,440 ($18.62) and gave the company a buy rating in a research note on Friday, April 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BAE Systems has an average rating of Moderate Buy and an average target price of GBX 1,402 ($18.13).

BAE Systems Price Performance

Shares of LON:BA opened at GBX 1,272.50 ($16.46) on Thursday. The company has a debt-to-equity ratio of 62.47, a current ratio of 1.08 and a quick ratio of 0.91. The company has a 50-day simple moving average of GBX 1,331.09 and a 200-day simple moving average of GBX 1,294.15. The firm has a market cap of £38.56 billion, a P/E ratio of 2,120.83, a price-to-earnings-growth ratio of 3.93 and a beta of 0.36.

Insider Activity

In related news, insider Charles Woodburn sold 485,694 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of GBX 1,389 ($17.96), for a total transaction of £6,746,289.66 ($8,725,154.76). Insiders bought a total of 35 shares of company stock worth $46,394 in the last three months. Company insiders own 0.36% of the company’s stock.

BAE Systems Company Profile

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.