BAE Systems plc (LON:BA) Insider Sells £2,424,513.69 in Stock

BAE Systems plc (LON:BA) insider Tom Arseneault sold 155,717 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of GBX 1,557 ($20.17), for a total transaction of £2,424,513.69 ($3,140,561.77).

BAE Systems Stock Up 0.4 %

Shares of LON BA traded up GBX 6.50 ($0.08) during mid-day trading on Friday, reaching GBX 1,590.50 ($20.60). The company had a trading volume of 4,458,666 shares. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 94.02. The firm has a 50 day simple moving average of GBX 1,285.48 and a two-hundred day simple moving average of GBX 1,279.51. The stock has a market cap of £49.24 billion, a P/E ratio of 27.29, a PEG ratio of 3.33 and a beta of 0.33. BAE Systems plc has a 52-week low of GBX 1,012.50 ($13.12) and a 52-week high of GBX 1,415.25 ($18.33).

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

Analysts Set New Price Targets

A number of equities research analysts have commented on BA shares. JPMorgan Chase & Co. increased their price objective on shares of BAE Systems from GBX 1,630 ($21.11) to GBX 1,725 ($22.34) and gave the company an “overweight” rating in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,510 ($19.56) price objective on shares of BAE Systems in a research report on Thursday, February 20th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 1,440 ($18.65) price objective on shares of BAE Systems in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 1,528.75 ($19.80).

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.