BAE Systems plc (BA) Receives Conviction-Buy Rating from Goldman Sachs Group Inc.
BAE Systems plc (LON:BA)‘s stock had its “conviction-buy” rating reissued by Goldman Sachs Group Inc. in a report issued on Thursday. They currently have a GBX 697 ($8.65) price target on the stock. Goldman Sachs Group Inc.’s price objective would indicate a potential upside of 16.07% from the company’s current price.
Several other research firms have also recently commented on BA. Jefferies Group reiterated a “buy” rating and issued a GBX 600 ($7.44) price target on shares of BAE Systems plc in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on BAE Systems plc from GBX 625 ($7.75) to GBX 655 ($8.13) and gave the stock an “overweight” rating in a research note on Monday, October 10th. Citigroup Inc. upgraded BAE Systems plc to a “buy” rating and set a GBX 630 ($7.82) price target on the stock in a research note on Friday, November 4th. Beaufort Securities reiterated a “buy” rating on shares of BAE Systems plc in a research note on Friday, October 7th. Finally, Morgan Stanley upgraded BAE Systems plc to an “overweight” rating and boosted their price target for the stock from GBX 580 ($7.20) to GBX 630 ($7.82) in a research note on Thursday, November 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. BAE Systems plc presently has a consensus rating of “Buy” and a consensus target price of GBX 569 ($7.06).
BAE Systems plc (LON:BA) opened at 600.50 on Thursday. 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 stock’s market capitalization is GBX 19.02 billion. BAE Systems plc has a 52 week low of GBX 455.40 and a 52 week high of GBX 631.50.
In other news, insider Charles Woodburn bought 26,498 shares of the business’s stock in a transaction on Thursday, September 22nd. The stock was purchased at an average cost of GBX 536 ($6.65) per share, for a total transaction of £142,029.28 ($176,193.13). Also, insider Alan Garwood sold 33,000 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of GBX 605 ($7.51), for a total value of £199,650 ($247,673.99).
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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