BAE Systems plc (LON:BA) Given Consensus Recommendation of “Buy” by Analysts
BAE Systems plc (LON:BA) has been assigned an average rating of “Buy” from the seventeen ratings firms that are presently covering the stock. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, ten have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 561.47 ($7.33).
Several research analysts have issued reports on the stock. Credit Suisse Group AG restated a “neutral” rating on shares of BAE Systems plc in a research report on Monday. Barclays PLC reiterated an “underweight” rating and set a GBX 430 ($5.61) price objective on shares of BAE Systems plc in a research report on Wednesday, September 21st. Jefferies Group reiterated a “buy” rating and set a GBX 600 ($7.83) price objective on shares of BAE Systems plc in a research report on Friday, September 16th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 625 ($8.16) price objective on shares of BAE Systems plc in a research report on Wednesday, September 14th. Finally, Goldman Sachs Group Inc. reiterated a “conviction-buy” rating and set a GBX 671 ($8.76) price objective on shares of BAE Systems plc in a research report on Sunday, September 11th.
BAE Systems plc (LON:BA) traded down 1.37% on Wednesday, reaching GBX 538.00. The company’s stock had a trading volume of 8,340,255 shares. The stock has a 50 day moving average price of GBX 536.47 and a 200-day moving average price of GBX 512.46. The company’s market capitalization is GBX 17.04 billion. BAE Systems plc has a 1-year low of GBX 433.00 and a 1-year high of GBX 557.53.
In related news, insider Charles Woodburn acquired 26,498 shares of the business’s stock in a transaction dated 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).
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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