Analysts Set BAE Systems plc (LON:BA) Price Target at GBX 1,438

As of October 24, 2024, analysts have given BAE Systems plc (LON:BA) a consensus rating of "Moderate Buy" according to reports. Six brokerages are currently covering the company. Among these, one analyst has assigned a hold rating, while five have opted for a buy rating. The average target price set by these analysts for the next twelve months is GBX 1,438, which is approximately $18.67.

In recent days, several research reports have focused on BAE Systems. Citigroup notably upgraded BAE Systems to a "buy" rating and set a price target of GBX 1,440 ($18.70) in a report published on July 29. Meanwhile, Berenberg Bank issued a research note on September 6, restating its "buy" rating with a target price of GBX 1,360 ($17.66). Additionally, Shore Capital confirmed a "hold" rating for BAE Systems shares on August 1, and JPMorgan Chase & Co. reaffirmed an "overweight" rating with a price objective of GBX 1,500 ($19.48) in a report dated July 25.

Insider Transactions

In related news, insider Tom Arseneault recently sold 152,999 shares of BAE Systems on October 17 for an average price of GBX 1,330 ($17.27), resulting in a total transaction worth over £2 million (approximately $2.64 million). It is important to note that company insiders own just 0.14% of BAE Systems' stock.

Current Stock Performance

On the trading front, shares of BAE Systems commenced the day at GBX 1,323 ($17.18) on Monday. Financial metrics for the company indicate a current ratio of 1.03, a quick ratio of 0.91, and a debt-to-equity ratio of 94.37. Over the past year, the shares have experienced a low of GBX 1,012.50 ($13.15) and a high of GBX 1,415.25 ($18.38). The company's market capitalization stands at £39.95 billion, with a P/E ratio of 2,233.33 and a PEG ratio of 3.33. In terms of stock movement, the fifty-day simple moving average is positioned at GBX 1,304.90, and the two-hundred-day moving average is GBX 1,319.03.

Dividend Information

BAE Systems has announced a dividend that is set to be paid on December 2, 2024. Shareholders of record as of October 24 will receive a dividend of GBX 12.40 ($0.16). This has been marked as the ex-dividend date. The dividend represents a yield of 0.96%, although the company’s payout ratio is notably high at 5,166.67%.

About BAE Systems

BAE Systems plc is a global leader in providing defense, aerospace, and security solutions. The company operates through five main segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment includes offerings such as electronic warfare systems, navigation systems, military communication systems, and various advanced technologies related to defense and aerospace.

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