BAE Systems plc (LON:BA)‘s stock had its “neutral” rating reiterated by equities research analysts at Credit Suisse Group AG in a research report issued to clients and investors on Monday.
A number of other equities research analysts also recently weighed in on the company. Barclays PLC restated an “underweight” rating and set a GBX 430 ($5.61) price target on shares of BAE Systems plc in a research report on Wednesday, September 21st. Jefferies Group restated a “buy” rating and set a GBX 600 ($7.83) price target on shares of BAE Systems plc in a research report on Friday, September 16th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 625 ($8.16) price target on shares of BAE Systems plc in a research report on Wednesday, September 14th. Goldman Sachs Group Inc. restated a “conviction-buy” rating and set a GBX 671 ($8.76) price target on shares of BAE Systems plc in a research report on Sunday, September 11th. Finally, Berenberg Bank upgraded BAE Systems plc to a “buy” rating and raised their price target for the company from GBX 520 ($6.79) to GBX 580 ($7.57) in a research report on Friday, August 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 556.69 ($7.27).
Shares of BAE Systems plc (LON:BA) opened at 533.00 on Monday. BAE Systems plc has a 12 month low of GBX 433.00 and a 12 month high of GBX 557.53. The company’s market cap is GBX 16.89 billion. The company’s 50 day moving average price is GBX 535.89 and its 200 day moving average price is GBX 511.67.
In other news, insider Charles Woodburn bought 26,498 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The stock was bought at an average price of GBX 536 ($7.00) per share, with a total value of £142,029.28 ($185,392.61).
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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