BAE Systems (LON:BA) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of BAE Systems (LON:BA) in a research report sent to investors on Tuesday morning, MarketBeat reports. The brokerage currently has a GBX 1,440 ($18.40) target price on the stock.

BAE Systems Stock Performance

Shares of BA stock opened at GBX 1,179 ($15.06) on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 94.37. The company has a market cap of £35.61 billion, a PE ratio of 1,998.33, a P/E/G ratio of 3.33 and a beta of 0.33. The company’s fifty day simple moving average is GBX 1,297.10 and its 200-day simple moving average is GBX 1,307.67. BAE Systems has a 52 week low of GBX 1,012.50 ($12.94) and a 52 week high of GBX 1,415.25 ($18.08).

Insider Activity

In other BAE Systems news, insider Tom Arseneault sold 180,787 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of GBX 1,330 ($16.99), for a total transaction of £2,404,467.10 ($3,072,016.23). Insiders own 0.14% of the company’s stock.

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.