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

BAE Systems plc (LON:BA) insider Tom Arseneault sold 155,717 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of GBX 1,557 ($20.14), for a total transaction of £2,424,513.69 ($3,136,093.25).

BAE Systems Trading Up 4.2 %

BA opened at GBX 1,657 ($21.43) on Friday. The stock has a market capitalization of £51.30 billion, a PE ratio of 28.43, a P/E/G ratio of 3.33 and a beta of 0.33. The firm’s fifty day moving average price is GBX 1,302.93 and its 200 day moving average price is GBX 1,283.35. The company has a debt-to-equity ratio of 94.02, a current ratio of 1.03 and a quick ratio of 0.91. BAE Systems plc has a 12-month low of GBX 1,012.50 ($13.10) and a 12-month high of GBX 1,415.25 ($18.31).

BAE Systems (LON:BA) last posted its quarterly earnings results on Wednesday, February 19th. The company reported GBX 68.50 ($0.89) earnings per share (EPS) for the quarter. BAE Systems had a net margin of 7.49% and a return on equity of 16.87%. As a group, research analysts expect that BAE Systems plc will post 73.537927 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BA. Berenberg Bank reissued a “buy” rating and set a GBX 1,440 ($18.63) target price on shares of BAE Systems in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,510 ($19.53) target price on shares of BAE Systems in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of BAE Systems from GBX 1,630 ($21.08) to GBX 1,725 ($22.31) and gave the stock an “overweight” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,528.75 ($19.77).

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.