BAE Systems plc (LON:BA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

BAE Systems plc (LON:BA) has been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 1,438 ($19.23).

A number of analysts recently weighed in on the stock. Citigroup raised shares of BAE Systems to a “buy” rating and set a GBX 1,440 ($19.26) price objective for the company in a research note on Monday, July 29th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,360 ($18.19) target price on shares of BAE Systems in a report on Friday, September 6th. Shore Capital restated a “hold” rating on shares of BAE Systems in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,500 ($20.06) price objective on shares of BAE Systems in a report on Thursday, July 25th.

BAE Systems Stock Performance

Shares of LON:BA opened at GBX 1,237.50 ($16.55) on Thursday. The firm’s 50-day moving average is GBX 1,299.84 and its 200 day moving average is GBX 1,323.70. BAE Systems has a 12 month low of GBX 968.60 ($12.96) and a 12 month high of GBX 1,415.25 ($18.93). The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 94.37. The company has a market capitalization of £37.37 billion, a price-to-earnings ratio of 2,066.67, a PEG ratio of 3.25 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. Stockholders of record on Thursday, October 24th will be given a dividend of GBX 12.40 ($0.17) per share. The ex-dividend date is Thursday, October 24th. This represents a dividend yield of 0.96%. BAE Systems’s dividend payout ratio is currently 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.