BAE Systems (LON:BA) Earns Sector perform Rating from Royal Bank Of Canada

Key Points

• Royal Bank of Canada reiterated a “sector perform” rating on BAE Systems and set a GBX 2,200 price target, implying approximately 1.96% downside from the reported current price.
• Analyst sentiment remains mixed: JPMorgan raised its target to GBX 2,450 with an “overweight” rating, while Jefferies maintained “hold”; the consensus rating is “Hold” with an average target of GBX 2,275.
• BAE Systems reported quarterly earnings of GBX 38.90 per share, with a 7.19% net margin and 17.49% return on equity. An insider also bought 2,760 shares at GBX 1,909 per share in June.

BAE Systems (LON:BA - Get Free Report)'s stock had its "sector perform" rating reiterated by equities researchers at Royal Bank Of Canada in a research report issued to clients and investors on Tuesday,Digital Look reports. They currently have a GBX 2,200 target price on the stock. Royal Bank Of Canada's price target indicates a potential downside of 1.96% from the company's current price.

A number of other brokerages have also commented on BA. JPMorgan Chase & Co. increased their price target on shares of BAE Systems from GBX 2,400 to GBX 2,450 and gave the stock an "overweight" rating in a report on Friday, July 31st. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 2,100 price objective on shares of BAE Systems in a report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of GBX 2,275.

BAE Systems Stock Up 1.1%

Shares of LON BA opened at GBX 2,244 on Tuesday. BAE Systems has a 12 month low of GBX 1,012.50 and a 12 month high of GBX 1,415.25. The company has a current ratio of 1.02, a quick ratio of 0.91 and a debt-to-equity ratio of 73.96. The firm has a market capitalization of £69.47 billion, a price-to-earnings ratio of 38.50, a PEG ratio of 3.33 and a beta of 0.01. The business has a 50-day moving average of GBX 1,932.44 and a 200-day moving average of GBX 2,036.43.

BAE Systems (LON:BA - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported GBX 38.90 earnings per share for the quarter. BAE Systems had a net margin of 7.19% and a return on equity of 17.49%. Sell-side analysts expect that BAE Systems will post 73.537927 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Brad Greve acquired 2,760 shares of the stock in a transaction on Friday, June 5th. The stock was purchased at an average price of GBX 1,909 per share, for a total transaction of £52,688.40. Over the last 90 days, insiders purchased 2,784 shares of company stock valued at $5,304,824. 0.14% of the stock is owned by insiders.

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.

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