BAE Systems plc (BA) Receives GBX 571.38 Average Price Target from Analysts
BAE Systems plc (LON:BA) has been assigned an average rating of “Buy” from the eighteen research firms that are presently covering the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 572.63 ($7.09).
Several brokerages have commented on BA. JPMorgan Chase & Co. upped their price objective on BAE Systems plc from GBX 655 ($8.11) to GBX 675 ($8.36) and gave the company an “overweight” rating in a research report on Thursday. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 430 ($5.33) price objective on shares of BAE Systems plc in a research report on Thursday, October 20th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 600 ($7.43) price objective on shares of BAE Systems plc in a research report on Friday, September 16th. Goldman Sachs Group Inc. upped their price objective on BAE Systems plc from GBX 653 ($8.09) to GBX 671 ($8.31) and gave the company a “conviction-buy” rating in a research report on Monday, September 5th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of BAE Systems plc in a research report on Friday, July 29th.
BAE Systems plc (LON:BA) opened at 590.50 on Wednesday. The company’s market capitalization is GBX 18.71 billion. The stock’s 50 day moving average price is GBX 542.81 and its 200 day moving average price is GBX 520.75. BAE Systems plc has a one year low of GBX 448.00 and a one year high of GBX 631.50.
In other news, insider Charles Woodburn acquired 26,498 shares of the business’s stock in a transaction dated Thursday, September 22nd. The shares were acquired at an average cost of GBX 536 ($6.64) per share, with a total value of £142,029.28 ($175,931.23).
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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