Insider Buying: BAE Systems plc (LON:BA) Insider Buys £147.51 in Stock

BAE Systems plc (LON:BA) insider Brad Greve purchased 11 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average price of GBX 1,341 ($16.90) per share, for a total transaction of £147.51 ($185.90).

BAE Systems Price Performance

Shares of BAE Systems stock opened at GBX 1,287 ($16.22) on Monday. The stock has a market cap of £38.87 billion, a price-to-earnings ratio of 2,145.00, a price-to-earnings-growth ratio of 3.33 and a beta of 0.33. The stock has a 50 day moving average price of GBX 1,299.58 and a 200-day moving average price of GBX 1,318.57. BAE Systems plc has a one year low of GBX 1,012.50 ($12.76) and a one year high of GBX 1,415.25 ($17.84). The company has a debt-to-equity ratio of 94.37, a quick ratio of 0.91 and a current ratio of 1.03.

Wall Street Analysts Forecast Growth

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

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.