Shares of BAE Systems plc (LON:BA - Get Free Report) were up 1% on Thursday . The stock traded as high as GBX 1,318 ($17.21) and last traded at GBX 1,308 ($17.08). Approximately 4,451,214 shares changed hands during trading, The stock had previously closed at GBX 1,295.50 ($16.92).
Wall Street Analysts Forecast Growth
Several analysts have weighed in on BA shares. JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 1,500 ($19.59) target price on shares of BAE Systems in a research note on Thursday, July 25th. Berenberg Bank restated a "buy" rating and set a GBX 1,360 ($17.76) price target on shares of BAE Systems in a research report on Friday, September 6th. Citigroup upgraded shares of BAE Systems to a "buy" rating and set a GBX 1,440 ($18.80) price target for the company in a research report on Monday, July 29th. Finally, Shore Capital restated a "hold" rating on shares of BAE Systems in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of GBX 1,438 ($18.78).
View Our Latest Report on BAE Systems
BAE Systems Stock Up 1.5 %
The company has a debt-to-equity ratio of 94.37, a quick ratio of 0.91 and a current ratio of 1.03. The company has a market capitalization of £40.09 billion, a price-to-earnings ratio of 2,212.50, a P/E/G ratio of 3.33 and a beta of 0.33. The stock's fifty day simple moving average is GBX 1,303.48 and its two-hundred day simple moving average is GBX 1,319.19.
BAE Systems Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, October 24th will be paid a dividend of GBX 12.40 ($0.16) per share. This represents a yield of 0.96%. The ex-dividend date is Thursday, October 24th. BAE Systems's dividend payout ratio is presently 5,166.67%.
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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