BAE Systems (LON:BA) Stock Price Down 0.9% – Here’s Why

BAE Systems plc (LON:BA)’s stock price was down 0.9% during trading on Wednesday . The stock traded as low as GBX 1,380 ($17.39) and last traded at GBX 1,381.50 ($17.41). Approximately 6,435,865 shares traded hands during trading, The stock had previously closed at GBX 1,393.50 ($17.56).

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Berenberg Bank restated a “buy” rating and issued a GBX 1,360 ($17.14) target price on shares of BAE Systems in a research note on Friday, September 6th. Citigroup upgraded BAE Systems to a “buy” rating and set a GBX 1,440 ($18.15) price target on the stock in a research report on Monday, July 29th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,500 ($18.90) price objective on shares of BAE Systems in a research report on Thursday, July 25th. Finally, Shore Capital reaffirmed a “hold” rating on shares of BAE Systems in a research note on Thursday, August 1st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,438 ($18.12).

BAE Systems Trading Down 2.2 %

The company has a debt-to-equity ratio of 94.37, a quick ratio of 0.91 and a current ratio of 1.03. The firm has a 50-day moving average of GBX 1,299.33 and a 200-day moving average of GBX 1,319.09. The firm has a market capitalization of £39.71 billion, a P/E ratio of 2,191.67, a price-to-earnings-growth ratio of 3.33 and a beta of 0.33.

Insider Transactions at BAE Systems

In other BAE Systems news, insider Tom Arseneault sold 152,999 shares of BAE Systems stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of GBX 1,330 ($16.76), for a total transaction of £2,034,886.70 ($2,564,444.49). Company insiders own 0.14% of the company’s stock.

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.