BAE Systems plc (BA) Given “Conviction-Buy” Rating at Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) reissued their conviction-buy rating on shares of BAE Systems plc (LON:BA) in a research note issued to investors on Monday. The brokerage currently has a GBX 750 ($10.11) price target on the stock.
Several other research firms also recently weighed in on BA. Citigroup Inc. reiterated a buy rating and set a GBX 720 ($9.71) price target on shares of BAE Systems plc in a research note on Tuesday, June 13th. J P Morgan Chase & Co dropped their price target on BAE Systems plc from GBX 685 ($9.24) to GBX 660 ($8.90) and set a neutral rating on the stock in a research note on Friday, June 23rd. Deutsche Bank AG reiterated a buy rating and set a GBX 645 ($8.70) price target on shares of BAE Systems plc in a research note on Thursday, June 15th. UBS AG reiterated a buy rating and set a GBX 730 ($9.84) price target on shares of BAE Systems plc in a research note on Wednesday, May 24th. Finally, Credit Suisse Group reiterated a neutral rating and set a GBX 610 ($8.22) price target 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, nine have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average price target of GBX 655.77 ($8.84).
BAE Systems plc (BA) opened at 621.50 on Monday. BAE Systems plc has a 12-month low of GBX 516.48 and a 12-month high of GBX 682.50. The company’s market cap is GBX 19.76 billion. The firm has a 50-day moving average price of GBX 594.83 and a 200-day moving average price of GBX 629.43.
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The business also recently announced a dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, October 19th will be paid a GBX 8.80 ($0.12) dividend. The ex-dividend date is Thursday, October 19th. This represents a dividend yield of 1.51%.
In other BAE Systems plc news, insider Roger Carr purchased 33,869 shares of BAE Systems plc stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average price of GBX 591 ($7.97) per share, with a total value of £200,165.79 ($269,874.33). Insiders purchased a total of 33,945 shares of company stock valued at $20,061,785 in the last ninety days.
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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