BAE Systems' (BA) Overweight Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of BAE Systems (LON:BA - Free Report) in a research note issued to investors on Tuesday morning, MarketBeat.com reports. They currently have a GBX 1,500 ($18.97) target price on the stock.

Other research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft upped their target price on BAE Systems from GBX 1,290 ($16.32) to GBX 1,440 ($18.21) and gave the company a buy rating in a research note on Friday, April 12th. Barclays boosted their price target on BAE Systems from GBX 1,250 ($15.81) to GBX 1,450 ($18.34) and gave the company an overweight rating in a report on Tuesday, March 12th. Finally, Citigroup assumed coverage on BAE Systems in a report on Friday, March 8th. They issued a neutral rating and a GBX 1,400 ($17.71) price target for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, BAE Systems currently has a consensus rating of Moderate Buy and an average price target of GBX 1,402 ($17.73).

BAE Systems Price Performance

Shares of BA stock traded down GBX 48 ($0.61) during trading hours on Tuesday, hitting GBX 1,272 ($16.09). The stock had a trading volume of 5,502,055 shares. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 62.47. The business has a 50 day simple moving average of GBX 1,361.49 and a 200-day simple moving average of GBX 1,274.20. The stock has a market capitalization of £38.54 billion, a PE ratio of 2,120.00, a price-to-earnings-growth ratio of 3.93 and a beta of 0.36.

Insider Activity at BAE Systems

In other BAE Systems news, insider Charles Woodburn sold 485,694 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of GBX 1,389 ($17.57), for a total transaction of £6,746,289.66 ($8,533,126.31). Insiders have bought a total of 34 shares of company stock valued at $45,719 in the last ninety days. Company insiders own 0.36% 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.