BAE Systems plc (LON:BA)‘s stock had its “underweight” rating reaffirmed by analysts at Barclays PLC in a research note issued on Wednesday. They presently have a GBX 430 ($5.61) price objective on the stock. Barclays PLC’s target price suggests a potential downside of 20.00% from the company’s previous close.
Other analysts have also recently issued reports about the stock. Deutsche Bank AG reaffirmed a “hold” rating on shares of BAE Systems plc in a research note on Friday, June 24th. JPMorgan Chase & Co. upped their price objective on shares of BAE Systems plc from GBX 555 ($7.24) to GBX 625 ($8.16) and gave the stock an “overweight” rating in a research note on Friday, July 29th. Goldman Sachs Group Inc. decreased their price objective on shares of BAE Systems plc from GBX 605 ($7.90) to GBX 599 ($7.82) and set a “buy” rating on the stock in a research note on Monday, June 27th. BNP Paribas upped their price objective on shares of BAE Systems plc from GBX 541 ($7.06) to GBX 565 ($7.38) and gave the stock an “outperform” rating in a research note on Friday, July 29th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of BAE Systems plc in a research note on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 551.88 ($7.20).
BAE Systems plc (LON:BA) opened at 527.5505 on Wednesday. The firm’s market cap is GBX 16.71 billion. BAE Systems plc has a 52-week low of GBX 427.30 and a 52-week high of GBX 557.53. The firm has a 50-day moving average of GBX 536.32 and a 200 day moving average of GBX 510.70.
In other BAE Systems plc news, insider Corley,Elizabeth purchased 10,000 shares of the firm’s stock in a transaction on Thursday, June 30th. The stock was acquired at an average price of GBX 511 ($6.67) per share, for a total transaction of £51,100 ($66,701.48).
BAE Systems plc Company Profile
BAE Systems plc is a defense, aerospace and security company. Its segments include Electronic Systems, which consist of the Company’s United States and United Kingdom-based electronics activities; Cyber & Intelligence, which consists of its United States-based Intelligence & Security business and the United Kingdom-headquartered applied intelligence business; Platforms & Services (US), which produces combat vehicles, weapons and munitions; Platforms & Services (UK), which consist of its United Kingdom-based air, maritime, combat vehicle, munitions and shared services activities; Platforms & Services (International), which consist of the Company’s businesses in Saudi Arabia, Australia and Oman, together with its interest in the MBDA joint venture, and HQ, which comprises the Company’s head office activities, together with approximately 49% interest in Air Astana.
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