BAE Systems plc (BA) PT Raised to GBX 655 at JPMorgan Chase & Co.
BAE Systems plc (LON:BA) had its target price raised by research analysts at JPMorgan Chase & Co. from GBX 625 ($8.16) to GBX 655 ($8.55) in a report issued on Monday. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 21.45% from the stock’s current price.
Other equities research analysts have also issued reports about the company. Deutsche Bank AG reiterated a “hold” rating on shares of BAE Systems plc in a research note on Friday, June 24th. Beaufort Securities reiterated a “buy” rating on shares of BAE Systems plc in a research note on Friday. Goldman Sachs Group Inc. lowered their price objective on BAE Systems plc from GBX 605 ($7.90) to GBX 599 ($7.82) and set a “buy” rating on the stock in a research note on Monday, June 27th. BNP Paribas upped their price objective on 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. Finally, Barclays PLC upped their price objective on 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 analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of GBX 558.56 ($7.29).
BAE Systems plc (LON:BA) opened at 543.50 on Monday. The firm’s market capitalization is GBX 17.22 billion. The company has a 50 day moving average price of GBX 537.33 and a 200-day moving average price of GBX 512.81. BAE Systems plc has a one year low of GBX 433.00 and a one year high of GBX 557.53.
In related news, insider Charles Woodburn purchased 26,498 shares of the business’s stock in a transaction dated Thursday, September 22nd. The shares were bought 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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