BAE Systems’ (BA) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of BAE Systems (LON:BA) in a report published on Friday morning, LSE.Co.UK reports. They currently have a GBX 1,360 ($17.78) target price on the stock.

A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 1,500 ($19.62) target price on shares of BAE Systems in a report on Thursday, July 25th. Citigroup raised shares of BAE Systems to a buy rating and set a GBX 1,440 ($18.83) price objective for the company in a research report on Monday, July 29th. Finally, Shore Capital reaffirmed a hold rating on shares of BAE Systems in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of GBX 1,438 ($18.80).

BAE Systems Stock Performance

BA traded down GBX 8.50 ($0.11) during midday trading on Friday, hitting GBX 1,294 ($16.92). 3,178,137 shares of the company traded hands. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 94.37. The company’s 50-day moving average is GBX 1,296.53 and its 200 day moving average is GBX 1,320.30. BAE Systems has a 52 week low of GBX 968.60 ($12.67) and a 52 week high of GBX 1,415.25 ($18.51). The firm has a market capitalization of £39.21 billion, a PE ratio of 2,156.67, a price-to-earnings-growth ratio of 3.39 and a beta of 0.33.

BAE Systems Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, October 24th will be paid a dividend of GBX 12.40 ($0.16) per share. This represents a yield of 0.96%. The ex-dividend date is Thursday, October 24th. BAE Systems’s payout ratio is presently 5,166.67%.

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.