BAE Systems’ (BA) Overweight Rating Reiterated at JPMorgan Chase & Co.

BAE Systems (LON:BA)‘s stock had its “overweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday, Digital Look reports. They currently have a GBX 1,500 ($18.97) price objective on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 17.92% from the company’s previous close.

Several other brokerages have also issued reports on BA. Barclays lifted their price target on BAE Systems from GBX 1,250 ($15.81) to GBX 1,450 ($18.34) and gave the stock an “overweight” rating in a research note on Tuesday, March 12th. Citigroup assumed coverage on BAE Systems in a research note on Friday, March 8th. They issued a “neutral” rating and a GBX 1,400 ($17.71) target price for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of BAE Systems from GBX 1,290 ($16.32) to GBX 1,440 ($18.21) and gave the stock a “buy” rating in a research note on Friday, April 12th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,402 ($17.73).

BAE Systems Stock Performance

BAE Systems stock opened at GBX 1,272 ($16.09) on Tuesday. The firm’s fifty day moving average is GBX 1,362.37 and its two-hundred day moving average is GBX 1,272.61. The stock has a market cap of £38.54 billion, a PE ratio of 2,120.00, a P/E/G ratio of 3.93 and a beta of 0.36. The company has a debt-to-equity ratio of 62.47, a quick ratio of 0.91 and a current ratio of 1.08.

Insiders Place Their Bets

In related news, insider Charles Woodburn sold 485,694 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of GBX 1,389 ($17.57), for a total transaction of £6,746,289.66 ($8,533,126.31). Insiders have purchased 34 shares of company stock valued at $45,719 in the last ninety days. Company insiders own 0.36% 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.