Insider Selling: BAE Systems plc (LON:BA) Insider Sells 155,717 Shares of Stock

BAE Systems plc (LON:BA) insider Tom Arseneault sold 155,717 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of GBX 1,557 ($20.14), for a total transaction of £2,424,513.69 ($3,136,093.25).

BAE Systems Price Performance

Shares of LON BA opened at GBX 1,657 ($21.43) on Friday. BAE Systems plc has a twelve month low of GBX 1,012.50 ($13.10) and a twelve month high of GBX 1,415.25 ($18.31). 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 company has a market capitalization of £51.30 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 3.33 and a beta of 0.33. The firm has a 50-day moving average of GBX 1,302.93 and a two-hundred day moving average of GBX 1,283.35.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BA shares. Berenberg Bank restated a “buy” rating and set a GBX 1,440 ($18.63) price target on shares of BAE Systems in a research report on Wednesday, February 19th. JPMorgan Chase & Co. increased their target price on shares of BAE Systems from GBX 1,630 ($21.08) to GBX 1,725 ($22.31) and gave the company an “overweight” rating in a research report on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,510 ($19.53) target price on shares of BAE Systems in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,528.75 ($19.77).

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.