BAE Systems (LON:BA) Rating Reiterated by JPMorgan Chase & Co.

BAE Systems (LON:BA)‘s stock had its “overweight” rating reiterated by research analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 1,500 ($18.97) price target on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 17.92% from the stock’s previous close.

Other analysts have also issued reports about the company. Citigroup started coverage on BAE Systems in a research report on Friday, March 8th. They issued a “neutral” rating and a GBX 1,400 ($17.71) price objective for the company. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BAE Systems from GBX 1,290 ($16.32) to GBX 1,440 ($18.21) and gave the stock a “buy” rating in a research note on Friday, April 12th. Finally, Barclays raised their price objective on shares of BAE Systems from GBX 1,250 ($15.81) to GBX 1,450 ($18.34) and gave the company an “overweight” rating in a research note on Tuesday, March 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,402 ($17.73).

BAE Systems Stock Performance

Shares of BA opened at GBX 1,272 ($16.09) on Tuesday. The company has a 50 day moving average price of GBX 1,362.37 and a two-hundred day moving average price of GBX 1,272.61. The company has a market cap of £38.54 billion, a price-to-earnings ratio of 2,120.00, a price-to-earnings-growth ratio of 3.93 and a beta of 0.36. The company has a debt-to-equity ratio of 62.47, a current ratio of 1.08 and a quick ratio of 0.91.

Insider Buying and Selling

In related news, insider Charles Woodburn sold 485,694 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of GBX 1,389 ($17.57), for a total value of £6,746,289.66 ($8,533,126.31). Insiders have bought 34 shares of company stock valued at $45,719 in the last 90 days. 0.36% of the stock is owned by insiders.

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.