BAE Systems (LON:BA) Stock Price Down 0.9% – Here’s What Happened

BAE Systems plc (LON:BA) traded down 0.9% during mid-day trading on Wednesday . The stock traded as low as GBX 1,380 ($17.76) and last traded at GBX 1,381.50 ($17.78). 6,435,865 shares traded hands during mid-day trading, The stock had previously closed at GBX 1,393.50 ($17.93).

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BA. Berenberg Bank reiterated a “buy” rating and set a GBX 1,360 ($17.50) price objective on shares of BAE Systems in a research note on Friday, September 6th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,500 ($19.30) price objective on shares of BAE Systems in a report on Thursday, July 25th. Shore Capital restated a “hold” rating on shares of BAE Systems in a research report on Thursday, August 1st. Finally, Citigroup raised shares of BAE Systems to a “buy” rating and set a GBX 1,440 ($18.53) price target on the stock in a research note on Monday, July 29th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 1,438 ($18.50).

BAE Systems Stock Performance

The firm has a market capitalization of £40.60 billion, a P/E ratio of 2,302.50, a price-to-earnings-growth ratio of 3.33 and a beta of 0.33. The company has a 50-day moving average of GBX 1,298.69 and a 200-day moving average of GBX 1,318.92. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 94.37.

Insider Activity at BAE Systems

In other news, insider Tom Arseneault sold 180,787 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of GBX 1,330 ($17.11), for a total transaction of £2,404,467.10 ($3,094,154.03). 0.14% of the stock is owned by corporate 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.