BAE Systems’ (BA) Buy Rating Reaffirmed at Shore Capital

Shore Capital restated their buy rating on shares of BAE Systems (LON:BA – Free Report) in a research note issued to investors on Wednesday, MarketBeat.com reports.

Several other research firms have also recently issued reports on BA. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 1,100 ($14.12) price target on shares of BAE Systems in a report on Tuesday, July 11th. Berenberg Bank reissued a hold rating and set a GBX 1,000 ($12.84) target price on shares of BAE Systems in a research note on Friday, June 16th. Citigroup reissued a buy rating on shares of BAE Systems in a research note on Tuesday, July 11th. Finally, Jefferies Financial Group reissued a buy rating and set a GBX 1,100 ($14.12) target price on shares of BAE Systems in a research note on Tuesday, June 27th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of GBX 1,045.14 ($13.42).

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BAE Systems Price Performance

Shares of LON:BA opened at GBX 992.80 ($12.75) on Wednesday. The stock has a market cap of £30.28 billion, a price-to-earnings ratio of 1,830.20, a PEG ratio of 3.44 and a beta of 0.58. BAE Systems has a 12 month low of GBX 702.20 ($9.02) and a 12 month high of GBX 1,037 ($13.31). The stock’s 50 day moving average price is GBX 930.67 and its 200 day moving average price is GBX 935.42. The company has a debt-to-equity ratio of 61.16, a current ratio of 1.08 and a quick ratio of 0.91.

BAE Systems Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, October 19th will be issued a dividend of GBX 11.50 ($0.15) per share. This represents a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, October 19th. BAE Systems’s payout ratio is 5,294.12%.

BAE Systems Company Profile

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BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. 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 systems, space electronics, and electric drive propulsion systems.

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