BAE Systems plc’s (BA) “Neutral” Rating Reaffirmed at Credit Suisse Group AG
A number of other equities research analysts have also recently issued reports on BA. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 605 ($7.90) target price on shares of BAE Systems plc in a report on Thursday, June 23rd. Beaufort Securities reaffirmed a buy rating on shares of BAE Systems plc in a report on Friday, July 29th. Berenberg Bank upgraded shares of BAE Systems plc to a buy rating and upped their price target for the company from GBX 520 ($6.79) to GBX 580 ($7.57) in a research note on Friday, August 26th. Deutsche Bank AG upped their price target on shares of BAE Systems plc from GBX 518 ($6.76) to GBX 540 ($7.05) and gave the company a buy rating in a research note on Monday, July 25th. Finally, Barclays PLC upped their price target on shares of BAE Systems plc from GBX 410 ($5.35) to GBX 430 ($5.61) and gave the company an underweight rating in a research note on Friday, July 29th. 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 stock has an average rating of Buy and a consensus target price of GBX 556.69 ($7.27).
BAE Systems plc (LON:BA) traded up 3.10% during trading on Monday, reaching GBX 548.00. The company had a trading volume of 6,293,048 shares. The stock’s market cap is GBX 17.36 billion. The company has a 50-day moving average price of GBX 536.01 and a 200 day moving average price of GBX 511.87. BAE Systems plc has a 52-week low of GBX 433.00 and a 52-week high of GBX 557.53.
In related news, insider Charles Woodburn purchased 26,498 shares of the business’s stock in a transaction on Thursday, September 22nd. The stock was acquired at an average price of GBX 536 ($7.00) per share, with a total value of £142,029.28 ($185,392.61).
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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