BAE Systems (LON:BA) Trading Down 0.9% – What’s Next?

BAE Systems plc (LON:BA) shares were down 0.9% during mid-day trading on Wednesday . The stock traded as low as GBX 1,380 ($17.39) and last traded at GBX 1,381.50 ($17.41). Approximately 6,435,865 shares traded hands during trading, The stock had previously closed at GBX 1,393.50 ($17.56).

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BA shares. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,500 ($18.90) price objective on shares of BAE Systems in a report on Thursday, July 25th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,360 ($17.14) price target on shares of BAE Systems in a research report on Friday, September 6th. Citigroup upgraded shares of BAE Systems to a “buy” rating and set a GBX 1,440 ($18.15) target price on the stock in a research report on Monday, July 29th. Finally, Shore Capital reiterated a “hold” rating on shares of BAE Systems in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 1,438 ($18.12).

BAE Systems Stock Performance

The stock has a 50 day moving average of GBX 1,299.33 and a 200 day moving average of GBX 1,319.09. The company has a market capitalization of £39.71 billion, a price-to-earnings ratio of 2,191.67, a price-to-earnings-growth ratio of 3.33 and a beta of 0.33. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 94.37.

Insider Buying and Selling

In other news, insider Tom Arseneault sold 152,999 shares of BAE Systems stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of GBX 1,330 ($16.76), for a total transaction of £2,034,886.70 ($2,564,444.49). 0.14% of the stock is owned by insiders.

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.