BAE Systems (LON:BA) Shares Down 0.9% - Time to Sell?

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

Analyst Upgrades and Downgrades

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

BAE Systems Stock Down 2.7 %

The stock has a market capitalization of £40.60 billion, a P/E ratio of 2,240.83, a PEG ratio of 3.33 and a beta of 0.33. The business has a 50-day simple moving average of GBX 1,299.33 and a two-hundred day simple moving average of GBX 1,319.09. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 94.37.

Insider Transactions at BAE Systems

In other BAE Systems news, insider Tom Arseneault sold 180,787 shares of the business's stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of GBX 1,330 ($17.11), for a total value of £2,404,467.10 ($3,094,154.03). Company 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.