Beaufort Securities Reaffirms Buy Rating for BAE Systems plc (BA)
BAE Systems plc (LON:BA)‘s stock had its “buy” rating restated by Beaufort Securities in a note issued to investors on Friday.
A number of other brokerages have also issued reports on BA. Jefferies Group reissued a “buy” rating and set a GBX 600 ($7.83) target price on shares of BAE Systems plc in a research note on Friday, September 16th. Goldman Sachs Group Inc. lifted their target price on shares of BAE Systems plc from GBX 653 ($8.52) to GBX 671 ($8.76) and gave the company a “conviction-buy” rating in a research note on Monday, September 5th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 625 ($8.16) target price on shares of BAE Systems plc in a research note on Wednesday, September 14th. Barclays PLC reissued an “underweight” rating and set a GBX 430 ($5.61) target price on shares of BAE Systems plc in a research note on Wednesday, September 21st. Finally, BNP Paribas lifted their target price on shares of BAE Systems plc from GBX 541 ($7.06) to GBX 565 ($7.38) and gave the company an “outperform” 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 given a buy rating and two have assigned a strong buy rating to the stock. BAE Systems plc has an average rating of “Buy” and a consensus price target of GBX 556.69 ($7.27).
Shares of BAE Systems plc (LON:BA) opened at 537.00 on Friday. The firm’s market capitalization is GBX 17.01 billion. The stock’s 50 day moving average price is GBX 536.83 and its 200 day moving average price is GBX 512.62. 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 acquired 26,498 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were bought at an average price of GBX 536 ($7.00) per share, for a total transaction 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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