BAE Systems plc (BA) Given Average Recommendation of “Buy” by Analysts
Shares of BAE Systems plc (LON:BA) have been given a consensus rating of “Buy” by the fourteen analysts that are covering the stock, Marketbeat Ratings reports. 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 on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 655.77 ($8.47).
BA has been the topic of several recent analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 645 ($8.33) price target on shares of BAE Systems plc in a research report on Thursday, June 15th. Barclays PLC reaffirmed an “underweight” rating on shares of BAE Systems plc in a research report on Tuesday, July 18th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 630 ($8.14) price target on shares of BAE Systems plc in a research report on Monday, July 24th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and set a GBX 750 ($9.69) price target on shares of BAE Systems plc in a research report on Thursday, August 24th. Finally, Kepler Capital Markets reaffirmed a “buy” rating and set a GBX 700 ($9.04) price target on shares of BAE Systems plc in a research report on Tuesday, July 25th.
In other BAE Systems plc news, insider Roger Carr bought 33,869 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of GBX 591 ($7.63) per share, with a total value of £200,165.79 ($258,511.93). Insiders have purchased a total of 33,945 shares of company stock worth $20,061,785 over the last three months.
Shares of BAE Systems plc (BA) remained flat at GBX 596.00 during trading on Tuesday. 11,485,725 shares of the company were exchanged. The firm’s market cap is GBX 18.95 billion. The company has a 50 day moving average of GBX 594.82 and a 200 day moving average of GBX 629.48. BAE Systems plc has a 1-year low of GBX 516.48 and a 1-year high of GBX 682.50.
The firm also recently announced a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 19th will be issued a dividend of GBX 8.80 ($0.11) per share. This represents a dividend yield of 1.51%. The ex-dividend date is Thursday, October 19th.
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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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