BAE Systems (LON:BA) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of BAE Systems plc (LON:BA) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 2,030.48 and traded as low as GBX 1,953.50. BAE Systems shares last traded at GBX 1,988, with a volume of 6,062,460 shares traded.

Analyst Ratings Changes

A number of research firms recently weighed in on BA. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,200 target price on shares of BAE Systems in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft upped their target price on BAE Systems from GBX 2,140 to GBX 2,325 and gave the company a “hold” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. raised their price target on shares of BAE Systems from GBX 2,400 to GBX 2,450 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 2,100 target price on shares of BAE Systems in a research report on Friday, July 31st. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, BAE Systems presently has a consensus rating of “Hold” and an average price target of GBX 2,275.

BAE Systems Stock Down 5.4%

The business has a fifty day moving average price of GBX 1,971.70 and a two-hundred day moving average price of GBX 2,030.48. The company has a debt-to-equity ratio of 73.96, a current ratio of 1.02 and a quick ratio of 0.91. The firm has a market capitalization of £58.22 billion, a price-to-earnings ratio of 32.26, a price-to-earnings-growth ratio of 3.33 and a beta of 0.01.

Insider Buying and Selling at BAE Systems

In other news, insider John Pettigrew purchased 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of GBX 2,228 per share, for a total transaction of £155,960. Over the last ninety days, insiders have purchased 7,028 shares of company stock worth $15,656,326. 0.14% of the stock is owned by insiders.

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.