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.

TRADEMARK VIOLATION NOTICE: “BAE Systems plc (BA) Given “Conviction-Buy” Rating at Goldman Sachs Group, Inc. (The)” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/19/bae-systems-plc-ba-given-conviction-buy-rating-at-goldman-sachs-group-inc-the.html.

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.

Analyst Recommendations for BAE Systems plc (LON:BA)

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.