Berenberg Bank Reiterates Buy Rating for BAE Systems (LON:BA)

Berenberg Bank reissued their buy rating on shares of BAE Systems (LON:BA) in a research report sent to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a GBX 1,440 ($18.19) price target on the stock.

BAE Systems Trading Down 4.5 %

BA opened at GBX 1,284 ($16.22) on Wednesday. The business has a fifty day simple moving average of GBX 1,204.02 and a 200-day simple moving average of GBX 1,264.74. BAE Systems has a 52 week low of GBX 1,012.50 ($12.79) and a 52 week high of GBX 1,415.25 ($17.88). The firm has a market cap of £39.75 billion, a P/E ratio of 22.03, a P/E/G ratio of 3.33 and a beta of 0.33. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 94.02.

BAE Systems (LON:BA) last issued its quarterly earnings results on Wednesday, February 19th. The company reported GBX 68.50 ($0.87) EPS for the quarter. BAE Systems had a net margin of 7.49% and a return on equity of 16.87%. On average, equities analysts expect that BAE Systems will post 73.537927 earnings per share for the current year.

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.