BAE Systems (LON:BA) Insider Buys £155,960 in Stock

Key Points

• Insider purchase: BAE Systems director John Pettigrew bought 7,000 shares at GBX 2,228 each, investing £155,960.
• Stock performance: Shares rose GBX 24 to GBX 2,244 in mid-day trading, valuing the company at approximately £69.47 billion.
• Analyst outlook: Despite target-price increases from some firms, the stock has a consensus “Hold” rating and an average price target of GBX 2,275.

BAE Systems plc (LON:BA - Get Free Report) insider John Pettigrew acquired 7,000 shares of BAE Systems stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of GBX 2,228 per share, with a total value of £155,960.

BAE Systems Stock Performance

Shares of BA traded up GBX 24 during mid-day trading on Tuesday, reaching GBX 2,244. The company had a trading volume of 3,431,286 shares. BAE Systems plc has a 52-week low of GBX 1,012.50 and a 52-week high of GBX 1,415.25. The company has a quick ratio of 0.91, a current ratio of 1.02 and a debt-to-equity ratio of 73.96. The stock has a market capitalization of £69.47 billion, a P/E ratio of 38.50, a PEG ratio of 3.33 and a beta of 0.01. The stock has a 50 day moving average of GBX 1,932.44 and a two-hundred day moving average of GBX 2,036.43.

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of BAE Systems from GBX 2,140 to GBX 2,325 and gave the company a "hold" rating in a research report on Monday. Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 2,200 price objective on shares of BAE Systems in a research report on Tuesday. Jefferies Financial Group reissued a "hold" rating and set a GBX 2,100 target price on shares of BAE Systems in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. raised their target price on BAE Systems from GBX 2,400 to GBX 2,450 and gave the company an "overweight" rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of GBX 2,275.

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.

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