Royal Bank Of Canada Reiterates “Sector perform” Rating for BAE Systems (LON:BA)

BAE Systems (LON:BA)‘s stock had its “sector perform” rating reissued by Royal Bank Of Canada in a research report issued to clients and investors on Tuesday,Digital Look reports. They presently have a GBX 2,200 target price on the stock. Royal Bank Of Canada’s price objective indicates a potential downside of 1.96% from the stock’s previous close.

Several other equities analysts have also recently issued reports on BA. Jefferies Financial Group reiterated a “hold” rating and set a GBX 2,100 price target on shares of BAE Systems in a research report on Friday, July 31st. JPMorgan Chase & Co. lifted their price objective on BAE Systems from GBX 2,400 to GBX 2,450 and gave the company an “overweight” rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 2,275.

BAE Systems Stock Performance

Shares of BA stock opened at GBX 2,244 on Tuesday. The firm has a market capitalization of £69.47 billion, a price-to-earnings ratio of 38.50, a PEG ratio of 3.33 and a beta of 0.01. The stock has a fifty day moving average of GBX 1,932.44 and a 200 day moving average of GBX 2,036.43. BAE Systems has a 52 week low of GBX 1,012.50 and a 52 week high of GBX 1,415.25. The company has a quick ratio of 0.91, a current ratio of 1.02 and a debt-to-equity ratio of 73.96.

BAE Systems (LON:BA) last issued its quarterly earnings data on Thursday, July 30th. The company reported GBX 38.90 earnings per share (EPS) for the quarter. BAE Systems had a net margin of 7.19% and a return on equity of 17.49%. As a group, research analysts expect that BAE Systems will post 73.537927 earnings per share for the current year.

Insider Transactions at BAE Systems

In other news, insider Brad Greve purchased 2,760 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of GBX 1,909 per share, for a total transaction of £52,688.40. In the last quarter, insiders have bought 2,784 shares of company stock valued at $5,304,824. Insiders own 0.14% of the company’s stock.

BAE Systems Company Profile

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.