BAE Systems plc (BA) Shares Down 0.3%
Shares of BAE Systems plc (LON:BA) traded down 0.3% during mid-day trading on Monday . The company traded as low as GBX 596.50 ($7.70) and last traded at GBX 597.50 ($7.72). 3,261,934 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 7,691,260 shares. The stock had previously closed at GBX 599.50 ($7.74).
A number of analysts recently issued reports on the stock. Deutsche Bank AG lifted their price target on shares of BAE Systems plc from GBX 645 ($8.33) to GBX 670 ($8.65) and gave the stock a “buy” rating in a research note on Thursday, August 31st. Barclays PLC restated an “underweight” rating and issued a GBX 460 ($5.94) price target on shares of BAE Systems plc in a research note on Tuesday, August 29th. J P Morgan Chase & Co dropped their price target on shares of BAE Systems plc from GBX 660 ($8.52) to GBX 630 ($8.14) and set a “neutral” rating for the company in a research note on Wednesday, July 5th. Beaufort Securities restated a “buy” rating on shares of BAE Systems plc in a research note on Thursday, August 3rd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and set a GBX 750 ($9.69) target price on shares of BAE Systems plc in a research note on Thursday, August 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. BAE Systems plc has a consensus rating of “Buy” and an average target price of GBX 655.77 ($8.47).
The stock’s 50-day moving average is GBX 595.46 and its 200 day moving average is GBX 630.21. The stock’s market capitalization is GBX 18.99 billion.
The business also recently disclosed a dividend, which will be paid on Thursday, November 30th. Shareholders 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 related news, insider Roger Carr acquired 33,869 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was purchased at an average cost of GBX 591 ($7.63) per share, for a total transaction of £200,165.79 ($258,511.93). Insiders have acquired 33,939 shares of company stock valued at $20,059,550 over the last quarter.
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BAE Systems plc Company Profile
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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