BAE Systems plc (LON:BA - Get Free Report)'s share price dropped 1.1% during mid-day trading on Friday . The stock traded as low as GBX 1,237 ($15.77) and last traded at GBX 1,247 ($15.89). Approximately 3,724,760 shares traded hands during trading, The stock had previously closed at GBX 1,260.50 ($16.07).
Analysts Set New Price Targets
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 1,360 ($17.33) price target on shares of BAE Systems in a report on Friday, September 6th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,438 ($18.33).
Get Our Latest Analysis on BA
BAE Systems Price Performance
The company has a debt-to-equity ratio of 94.37, a current ratio of 1.03 and a quick ratio of 0.91. The stock has a market capitalization of £37.13 billion, a PE ratio of 2,049.17, a P/E/G ratio of 3.33 and a beta of 0.33. The firm's 50 day simple moving average is GBX 1,298.08 and its 200 day simple moving average is GBX 1,311.04.
Insider Activity
In other news, insider Tom Arseneault sold 152,999 shares of the company's stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of GBX 1,330 ($16.95), for a total transaction of £2,034,886.70 ($2,593,533.90). Insiders own 0.14% of the company's stock.
About BAE Systems
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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.
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