Brokerages Set BAE Systems plc (LON:BA) Target Price at GBX 1,438

BAE Systems plc (LON:BA) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 1,438 ($19.26).

BA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,500 ($20.09) price target on shares of BAE Systems in a research report on Thursday, July 25th. Citigroup raised shares of BAE Systems to a “buy” rating and set a GBX 1,440 ($19.28) target price on the stock in a research note on Monday, July 29th. Shore Capital restated a “hold” rating on shares of BAE Systems in a report on Thursday, August 1st. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,360 ($18.21) target price on shares of BAE Systems in a report on Friday, September 6th.

BAE Systems Stock Down 0.2 %

LON BA opened at GBX 1,240 ($16.60) on Thursday. BAE Systems has a twelve month low of GBX 968.60 ($12.97) and a twelve month high of GBX 1,415.25 ($18.95). The stock has a market cap of £37.45 billion, a PE ratio of 2,066.67, a PEG ratio of 3.34 and a beta of 0.33. The company has a debt-to-equity ratio of 94.37, a quick ratio of 0.91 and a current ratio of 1.03. The firm has a 50-day simple moving average of GBX 1,300.44 and a 200 day simple moving average of GBX 1,323.76.

BAE Systems Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, October 24th will be given a GBX 12.40 ($0.17) dividend. This represents a dividend yield of 0.96%. The ex-dividend date is Thursday, October 24th. BAE Systems’s dividend payout ratio (DPR) is presently 5,166.67%.

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.