BAE Systems (LON:BA) Stock Rating Reaffirmed by Berenberg Bank

Berenberg Bank reissued their buy rating on shares of BAE Systems (LON:BA) in a research note released on Friday, LSE.Co.UK reports. The firm currently has a GBX 1,360 ($17.78) price target on the stock.

Several other equities analysts also recently commented on BA. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 1,500 ($19.62) price target on shares of BAE Systems in a report on Thursday, July 25th. Shore Capital reiterated a hold rating on shares of BAE Systems in a report on Thursday, August 1st. Finally, Citigroup raised BAE Systems to a buy rating and set a GBX 1,440 ($18.83) price target for the company in a research note on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, BAE Systems has an average rating of Moderate Buy and a consensus price target of GBX 1,438 ($18.80).

BAE Systems Trading Down 0.7 %

BA stock traded down GBX 8.50 ($0.11) during mid-day trading on Friday, reaching GBX 1,294 ($16.92). 3,178,137 shares of the stock traded hands. BAE Systems has a one year low of GBX 968.60 ($12.67) and a one year high of GBX 1,415.25 ($18.51). The stock has a market capitalization of £39.21 billion, a PE ratio of 2,156.67, a PEG ratio of 3.39 and a beta of 0.33. 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 business has a 50-day moving average price of GBX 1,296.53 and a two-hundred day moving average price of GBX 1,320.30.

BAE Systems Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, October 24th will be given a dividend of GBX 12.40 ($0.16) per share. This represents a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, October 24th. BAE Systems’s dividend payout ratio (DPR) is presently 5,166.67%.

About BAE Systems

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.