BAE Systems plc (BA) Earns “Buy” Rating from Jefferies Group
BAE Systems plc (LON:BA)‘s stock had its “buy” rating reissued by research analysts at Jefferies Group in a report issued on Wednesday. They presently have a GBX 600 ($7.44) price objective on the stock. Jefferies Group’s price target points to a potential downside of 0.25% from the stock’s previous close.
Several other analysts also recently weighed in on BA. Berenberg Bank raised BAE Systems plc to a “buy” rating and lifted their target price for the company from GBX 520 ($6.45) to GBX 580 ($7.20) in a research note on Friday, August 26th. Morgan Stanley raised BAE Systems plc to an “overweight” rating and lifted their target price for the company from GBX 580 ($7.20) to GBX 630 ($7.82) in a research note on Thursday, November 3rd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 625 ($7.75) target price on shares of BAE Systems plc in a research note on Wednesday, September 14th. Credit Suisse Group AG reaffirmed a “neutral” rating on shares of BAE Systems plc in a research note on Monday, October 3rd. Finally, Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and set a GBX 671 ($8.32) target price on shares of BAE Systems plc in a research note on Sunday, September 11th. 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’s stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 567.47 ($7.04).
Shares of BAE Systems plc (LON:BA) opened at 601.50 on Wednesday. BAE Systems plc has a 52 week low of GBX 455.40 and a 52 week high of GBX 631.50. The firm has a 50-day moving average price of GBX 564.21 and a 200-day moving average price of GBX 530.19. The firm’s market capitalization is GBX 19.06 billion.
In other news, insider Alan Garwood sold 33,000 shares of the company’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of GBX 605 ($7.51), for a total transaction of £199,650 ($247,673.99). Also, insider Charles Woodburn purchased 26,498 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were bought at an average price of GBX 536 ($6.65) per share, with a total value of £142,029.28 ($176,193.13).
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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