Insider Selling: BAE Systems plc (LON:BA) Insider Sells £6,746,289.66 in Stock

BAE Systems plc (LON:BA) insider Charles Woodburn sold 485,694 shares of BAE Systems stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of GBX 1,389 ($17.80), for a total transaction of £6,746,289.66 ($8,643,548.57).

Charles Woodburn also recently made the following trade(s):

• On Tuesday, May 14th, Charles Woodburn purchased 11 shares of BAE Systems stock. The stock was purchased at an average price of GBX 1,354 ($17.35) per share, with a total value of £148.94 ($190.83).
• On Monday, April 15th, Charles Woodburn purchased 11 shares of BAE Systems stock. The stock was purchased at an average price of GBX 1,347 ($17.26) per share, with a total value of £148.17 ($189.84).
• On Friday, March 8th, Charles Woodburn sold 331,716 shares of BAE Systems stock. The stock was sold at an average price of GBX 1,255 ($16.08), for a total transaction of £4,163,035.80 ($5,333,806.28).

BAE Systems Stock Up 0.1 %

Shares of BAE Systems stock opened at GBX 1,395 ($17.87) on Friday. The stock has a market cap of £42.27 billion, a price-to-earnings ratio of 2,323.33, a P/E/G ratio of 3.93 and a beta of 0.36. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 62.47. The firm has a 50 day moving average of GBX 1,349.12 and a 200 day moving average of GBX 1,233.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Barclays upped their price target on shares of BAE Systems from GBX 1,250 ($16.02) to GBX 1,450 ($18.58) and gave the company an “overweight” rating in a research note on Tuesday, March 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of BAE Systems from GBX 1,290 ($16.53) to GBX 1,440 ($18.45) and gave the stock a “buy” rating in a report on Friday, April 12th. Citigroup assumed coverage on shares of BAE Systems in a report on Friday, March 8th. They set a “neutral” rating and a GBX 1,400 ($17.94) target price on the stock. Shore Capital reiterated a “buy” rating on shares of BAE Systems in a report on Wednesday, February 21st. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 1,220 ($15.63) target price on shares of BAE Systems in a report on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,335 ($17.10).

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.