BAE Systems plc (LON:BA) Insider Charles Woodburn Sells 485,694 Shares

BAE Systems plc (LON:BA) insider Charles Woodburn sold 485,694 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of GBX 1,389 ($17.80), for a total value of £6,746,289.66 ($8,643,548.57).

Charles Woodburn also recently made the following trade(s):

• On Tuesday, May 14th, Charles Woodburn bought 11 shares of BAE Systems stock. The stock was purchased at an average cost of GBX 1,354 ($17.35) per share, for a total transaction of £148.94 ($190.83).
• On Monday, April 15th, Charles Woodburn bought 11 shares of BAE Systems stock. The stock was purchased at an average cost of GBX 1,347 ($17.26) per share, for a total transaction of £148.17 ($189.84).
• On Friday, March 8th, Charles Woodburn sold 331,716 shares of BAE Systems stock. The shares were sold at an average price of GBX 1,255 ($16.08), for a total value of £4,163,035.80 ($5,333,806.28).

BAE Systems Stock Performance

Shares of BA traded down GBX 10.50 ($0.13) during trading hours on Wednesday, reaching GBX 1,385 ($17.75). The stock had a trading volume of 4,018,055 shares. The company has a market cap of £41.97 billion, a PE ratio of 2,308.33, a PEG ratio of 3.93 and a beta of 0.36. The company has a debt-to-equity ratio of 62.47, a current ratio of 1.08 and a quick ratio of 0.91. The stock has a 50 day moving average price of GBX 1,348.03 and a 200-day moving average price of GBX 1,231.35.

Analyst Ratings Changes

BA has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on BAE Systems from GBX 1,290 ($16.53) to GBX 1,440 ($18.45) and gave the stock a “buy” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. increased their price target on BAE Systems from GBX 1,300 ($16.66) to GBX 1,400 ($17.94) and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Barclays raised their target price on BAE Systems from GBX 1,250 ($16.02) to GBX 1,450 ($18.58) and gave the company an “overweight” rating in a report on Tuesday, March 12th. Shore Capital reaffirmed a “buy” rating on shares of BAE Systems in a report on Wednesday, February 21st. Finally, Citigroup initiated coverage on BAE Systems in a report on Friday, March 8th. They issued a “neutral” rating and a GBX 1,400 ($17.94) target price on the stock. One 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 a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,335 ($17.10).

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.