BAE Systems plc (LON:BA)‘s stock had its “buy” rating reissued by analysts at Beaufort Securities in a report issued on Friday.
Several other analysts have also recently issued reports on BA. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 605 ($7.49) price objective on shares of BAE Systems plc in a research note on Wednesday, June 15th. Berenberg Bank cut shares of BAE Systems plc to a “hold” rating and dropped their price target for the company from GBX 570 ($7.05) to GBX 520 ($6.44) in a research note on Thursday, June 23rd. Deutsche Bank AG reissued a “hold” rating on shares of BAE Systems plc in a research note on Friday, June 24th. Goldman Sachs Group Inc. dropped their price target on shares of BAE Systems plc from GBX 605 ($7.49) to GBX 599 ($7.41) and set a “buy” rating for the company in a research note on Monday, June 27th. Finally, BNP Paribas reissued an “outperform” rating and issued a GBX 541 ($6.70) price target on shares of BAE Systems plc in a research note on Monday, June 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 558.56 ($6.91).
BAE Systems plc (LON:BA) opened at 547.3906 on Friday. The company’s 50-day moving average is GBX 538.21 and its 200 day moving average is GBX 513.50. BAE Systems plc has a one year low of GBX 433.00 and a one year high of GBX 557.53. The stock’s market capitalization is GBX 17.34 billion.
In other news, insider Charles Woodburn acquired 26,498 shares of BAE Systems plc stock in a transaction dated Thursday, September 22nd. The shares were acquired at an average cost of GBX 536 ($6.63) per share, for a total transaction of £142,029.28 ($175,778.81).
About BAE Systems plc
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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