BAE Systems plc (LON:BA) Insider Tom Arseneault Sells 155,717 Shares

BAE Systems plc (LON:BA) insider Tom Arseneault sold 155,717 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of GBX 1,557 ($20.13), for a total value of £2,424,513.69 ($3,134,066.30).

BAE Systems Stock Up 4.2 %

Shares of BAE Systems stock opened at GBX 1,657 ($21.42) on Monday. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 94.02. The firm has a market cap of £51.30 billion, a P/E ratio of 28.43, a P/E/G ratio of 3.33 and a beta of 0.33. BAE Systems plc has a fifty-two week low of GBX 1,012.50 ($13.09) and a fifty-two week high of GBX 1,415.25 ($18.29). The business has a 50-day moving average price of GBX 1,302.93 and a 200 day moving average price of GBX 1,283.09.

BAE Systems (LON:BA) last announced its quarterly earnings data on Wednesday, February 19th. The company reported GBX 68.50 ($0.89) earnings per share for the quarter. BAE Systems had a return on equity of 16.87% and a net margin of 7.49%. On average, sell-side analysts forecast that BAE Systems plc will post 73.537927 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,510 ($19.52) price target on shares of BAE Systems in a research note on Thursday, February 20th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,440 ($18.61) price target on shares of BAE Systems in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. boosted their price target on BAE Systems from GBX 1,630 ($21.07) to GBX 1,725 ($22.30) and gave the stock an “overweight” rating in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,528.75 ($19.76).

About BAE Systems

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.