BAE Systems plc (BA) Receives “Conviction-Buy” Rating from Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) reiterated their conviction-buy rating on shares of BAE Systems plc (LON:BA) in a research note issued to investors on Thursday. They currently have a GBX 750 ($9.74) price objective on the stock.
Several other equities research analysts also recently weighed in on the company. J P Morgan Chase & Co cut their price target on BAE Systems plc from GBX 630 ($8.18) to GBX 610 ($7.92) and set a neutral rating on the stock in a report on Friday, August 4th. Barclays PLC restated an underweight rating and set a GBX 460 ($5.97) price target on shares of BAE Systems plc in a report on Friday, August 4th. Beaufort Securities restated a buy rating on shares of BAE Systems plc in a report on Thursday, August 3rd. Kepler Capital Markets restated a buy rating and set a GBX 700 ($9.09) price target on shares of BAE Systems plc in a report on Tuesday, July 25th. Finally, Credit Suisse Group restated a neutral rating and set a GBX 610 ($7.92) price target on shares of BAE Systems plc in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. BAE Systems plc presently has an average rating of Buy and a consensus target price of GBX 653.85 ($8.49).
Shares of BAE Systems plc (LON BA) traded down 0.50% during midday trading on Thursday, reaching GBX 599.00. 5,170,806 shares of the company’s stock traded hands. The firm’s market capitalization is GBX 19.04 billion. The stock’s 50-day moving average price is GBX 600.50 and its 200 day moving average price is GBX 630.15. BAE Systems plc has a one year low of GBX 516.48 and a one year high of GBX 682.50.
The company also recently declared a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 19th will be paid a dividend of GBX 8.80 ($0.11) per share. The ex-dividend date of this dividend is Thursday, October 19th. This represents a yield of 1.51%.
In other news, insider Roger Carr purchased 33,869 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average price of GBX 591 ($7.67) per share, for a total transaction of £200,165.79 ($259,854.33). Insiders have purchased a total of 33,939 shares of company stock worth $20,059,550 in the last 90 days.
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.
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