BAE Systems plc (LON:BA) had its price target upped by JPMorgan Chase & Co. from GBX 625 ($7.74) to GBX 655 ($8.11) in a research report released on Monday. They currently have an overweight rating on the stock.
BA has been the subject of a number of other research reports. Goldman Sachs Group Inc. restated a conviction-buy rating and set a GBX 671 ($8.30) target price on shares of BAE Systems plc in a report on Sunday, September 11th. Barclays PLC restated an underweight rating and set a GBX 430 ($5.32) target price on shares of BAE Systems plc in a report on Wednesday, September 21st. Jefferies Group restated a buy rating and set a GBX 600 ($7.43) target price on shares of BAE Systems plc in a report on Friday, September 16th. Credit Suisse Group AG restated a neutral rating on shares of BAE Systems plc in a report on Monday, October 3rd. Finally, Berenberg Bank upgraded BAE Systems plc to a buy rating and upped their target price for the company from GBX 520 ($6.44) to GBX 580 ($7.18) in a report on Friday, August 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. BAE Systems plc presently has an average rating of Buy and an average target price of GBX 558.56 ($6.91).
Shares of BAE Systems plc (LON:BA) opened at 538.00 on Monday. BAE Systems plc has a 1-year low of GBX 433.00 and a 1-year high of GBX 557.53. The stock has a 50 day moving average of GBX 538.65 and a 200 day moving average of GBX 513.83. The company’s market cap is GBX 17.04 billion.
In related news, insider Charles Woodburn purchased 26,498 shares of BAE Systems plc stock in a transaction dated Thursday, September 22nd. The stock was purchased 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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