BAE Systems (LON:BA) Stock Price Crosses Above 50-Day Moving Average - What's Next?

Key Points

• BAE Systems shares rose 1.2% and crossed above their 50-day moving average, trading at GBX 2,012 versus the average of GBX 1,986.68.
• Analysts maintain a consensus “Hold” rating with an average price target of GBX 2,275; targets range from GBX 2,100 to GBX 2,450.
• The company reported quarterly EPS of GBX 38.90, a 7.19% net margin and 17.49% return on equity. Insider John Pettigrew also bought 7,000 shares at GBX 2,228 each.

BAE Systems plc (LON:BA - Get Free Report)'s share price crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 1,986.68 and traded as high as GBX 2,012. BAE Systems shares last traded at GBX 2,012, with a volume of 3,435,713 shares changing hands.

Analyst Ratings Changes

Several brokerages recently issued reports on BA. Jefferies Financial Group restated a "hold" rating and issued a GBX 2,100 target price on shares of BAE Systems in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BAE Systems from GBX 2,140 to GBX 2,325 and gave the stock a "hold" rating in a research report on Monday, August 10th. JPMorgan Chase & Co. boosted their target price on shares of BAE Systems from GBX 2,400 to GBX 2,450 and gave the company an "overweight" rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 2,200 price target on shares of BAE Systems in a report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of GBX 2,275.

BAE Systems Stock Up 1.2%

The stock has a market cap of £63.06 billion, a PE ratio of 34.95, a price-to-earnings-growth ratio of 3.33 and a beta of 0.01. The company has a debt-to-equity ratio of 73.96, a quick ratio of 0.91 and a current ratio of 1.02. The company's 50-day moving average price is GBX 1,986.68 and its 200 day moving average price is GBX 2,030.02.

BAE Systems (LON:BA - Get Free Report) last issued its quarterly earnings data 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%. As a group, analysts forecast that BAE Systems plc will post 73.54 EPS for the current fiscal year.

Insider Buying and Selling

In other BAE Systems news, insider John Pettigrew purchased 7,000 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of GBX 2,228 per share, for a total transaction of £155,960. Insiders have purchased 7,028 shares of company stock worth $15,656,326 over the last three months. 0.14% of the stock is currently owned by corporate 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.

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