BAE Systems plc (LON:BA) Given Underweight Rating at Barclays PLC
BA has been the topic of several other reports. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 645 ($8.42) target price on shares of BAE Systems plc in a research note on Thursday, June 15th. Jefferies Group LLC lifted their target price on shares of BAE Systems plc from GBX 600 ($7.83) to GBX 615 ($8.03) and gave the stock a hold rating in a research note on Friday, May 19th. Citigroup Inc. reaffirmed a buy rating and issued a GBX 720 ($9.40) target price on shares of BAE Systems plc in a research note on Thursday, March 30th. J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 685 ($8.94) target price on shares of BAE Systems plc in a research note on Friday, April 21st. Finally, Credit Suisse Group reaffirmed a neutral rating and issued a GBX 610 ($7.97) target price on shares of BAE Systems plc in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. BAE Systems plc has a consensus rating of Buy and an average target price of GBX 656.38 ($8.57).
Shares of BAE Systems plc (LON BA) opened at 612.00 on Tuesday. The company’s market capitalization is GBX 19.43 billion. BAE Systems plc has a 12-month low of GBX 515.00 and a 12-month high of GBX 682.34. The firm’s 50-day moving average is GBX 647.96 and its 200-day moving average is GBX 631.35.
WARNING: “BAE Systems plc (LON:BA) Given Underweight Rating at Barclays PLC” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/07/19/bae-systems-plc-lonba-given-underweight-rating-at-barclays-plc.html.
In related news, insider Ian King sold 11,396 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of GBX 639 ($8.34), for a total value of £72,820.44 ($95,090.68). Also, insider Peter Lynas sold 6,399 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of GBX 652 ($8.51), for a total transaction of £41,721.48 ($54,480.91). In the last 90 days, insiders have bought 68 shares of company stock worth $43,177 and have sold 31,726 shares worth $20,439,687.
About BAE Systems plc
BAE Systems plc is a defense, aerospace and security company. The Company operates through five segments. The Electronic Systems segment consists of the Company’s United States and United Kingdom-based electronics activities. The Cyber & Intelligence segment consists of its United States-based Intelligence & Security business and United Kingdom-based Applied Intelligence business, and covers the Company’s cyber, secure government, and commercial and financial security activities.
Receive News & Stock Ratings for BAE Systems plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BAE Systems plc and related stocks with our FREE daily email newsletter.