BAE Systems (LON:BA) Trading 0.6% Higher - What's Next?

BAE Systems plc (LON:BA - Get Free Report) shot up 0.6% on Thursday . The stock traded as high as GBX 1,934.50 ($26.03) and last traded at GBX 1,911 ($25.71). 6,357,304 shares changed hands during mid-day trading, The stock had previously closed at GBX 1,900 ($25.57).

Analysts Set New Price Targets

Several research firms recently weighed in on BA. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,440 ($19.38) price objective on shares of BAE Systems in a research note on Wednesday, February 19th. JPMorgan Chase & Co. raised their price objective on BAE Systems from GBX 1,630 ($21.93) to GBX 1,725 ($23.21) and gave the company an "overweight" rating in a research note on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on BAE Systems from GBX 1,510 ($20.32) to GBX 1,900 ($25.57) and gave the company a "buy" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,626.25 ($21.88).

BAE Systems Price Performance

The company has a debt-to-equity ratio of 94.02, a current ratio of 1.03 and a quick ratio of 0.91. The firm has a market capitalization of £58.87 billion, a PE ratio of 32.62, a P/E/G ratio of 3.33 and a beta of 0.33. The company has a 50-day moving average price of GBX 1,694.71 and a 200-day moving average price of GBX 1,435.30.

Insider Buying and Selling at BAE Systems

In other news, insider Tom Arseneault sold 165,890 shares of BAE Systems stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of GBX 1,568 ($21.10), for a total value of £2,601,155.20 ($3,499,939.72). Also, insider Brad Greve sold 363,705 shares of BAE Systems stock in a transaction on Monday, April 7th. The shares were sold at an average price of GBX 1,497 ($20.14), for a total value of £5,444,663.85 ($7,325,973.96). In the last ninety days, insiders have bought 36 shares of company stock worth $55,998 and have sold 1,562,656 shares worth $2,420,076,634. 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.