BAE Systems Insider Purchase: Brad Greve Buys Shares

On February 17th, 2023, Brad Greve, an insider at BAE Systems plc (LON:BA), purchased 12 shares of the company's stock. The shares were bought at an average price of GBX 1,241 (approximately $15.66) each, resulting in a total transaction value of £148.92 (around $187.89).

Previous Transactions by Brad Greve

In addition to this recent purchase, Brad Greve has been active in acquiring more shares of BAE Systems in prior months:

• On January 14th, 2023, he bought 13 shares at an average cost of GBX 1,187 ($14.98) each, totaling £154.31 ($194.69).
• On December 16th, 2022, he also purchased 12 shares at an average price of GBX 1,205 ($15.20) per share, leading to a total of £144.60 ($182.44).

BAE Systems Stock Performance

BAE Systems shares have shown activity in the stock market, trading up by GBX 110 ($1.39) during the session on Tuesday, resulting in a price of GBX 1,338 ($16.88) per share. The trading volume stood at 8,107,620 shares. Currently, BAE Systems has a market capitalization of £41.42 billion. Its price-to-earnings (P/E) ratio is 22.95, while the P/E growth (P/E/G) ratio is 3.33, indicating the stock's growth relative to its earnings. It also holds a beta of 0.33, suggesting less volatility than the market.

Stock Ratings and Analyst Insights

Analysts have provided insights into BAE Systems’ performance. Berenberg Bank has maintained a "buy" rating for the stock, setting a target price of GBX 1,440 (approximately $18.17) in a report from December 10th. Among analysts, one has rated the stock as hold, while five others rated it as a buy, resulting in an average recommendation of "Moderate Buy" with an average target price of GBX 1,454 ($18.34).

About BAE Systems plc

BAE Systems plc operates globally, providing solutions in defense, aerospace, and security. The company is structured into five key segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment develops various technologies, including electronic warfare systems, navigation aids, military communication networks, and surveillance systems.

buy, insider, transaction