JPMorgan Chase & Co. Raises BAE Systems plc (BA) Price Target to GBX 675
BAE Systems plc (LON:BA) had its price objective increased by JPMorgan Chase & Co. from GBX 655 ($8.18) to GBX 675 ($8.43) in a research note published on Thursday. JPMorgan Chase & Co. currently has an overweight rating on the stock.
Other equities research analysts have also issued reports about the company. BNP Paribas boosted their price objective on BAE Systems plc from GBX 541 ($6.76) to GBX 565 ($7.06) and gave the stock an outperform rating in a research note on Friday, July 29th. Barclays PLC boosted their price objective on BAE Systems plc from GBX 410 ($5.12) to GBX 430 ($5.37) and gave the stock an underweight rating in a research note on Friday, July 29th. Deutsche Bank AG boosted their price objective on BAE Systems plc from GBX 518 ($6.47) to GBX 540 ($6.75) and gave the stock a buy rating in a research note on Monday, July 25th. Beaufort Securities reiterated a buy rating on shares of BAE Systems plc in a research note on Friday, July 29th. Finally, Berenberg Bank reiterated a hold rating and set a GBX 520 ($6.50) price objective on shares of BAE Systems plc in a research note on Tuesday, July 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of GBX 567.47 ($7.09).
Shares of BAE Systems plc (LON:BA) opened at 605.12 on Thursday. BAE Systems plc has a 1-year low of GBX 449.76 and a 1-year high of GBX 631.50. The company’s market cap is GBX 19.17 billion. The stock’s 50 day moving average is GBX 544.88 and its 200 day moving average is GBX 522.10.
In other news, insider Charles Woodburn purchased 26,498 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were acquired at an average cost of GBX 536 ($6.70) per share, for a total transaction of £142,029.28 ($177,447.88). Also, insider Alan Garwood sold 33,000 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of GBX 605 ($7.56), for a total transaction of £199,650 ($249,437.78).
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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