J P Morgan Chase & Co Reiterates Neutral Rating for BAE Systems plc (BA)
BAE Systems plc (LON:BA)‘s stock had its “neutral” rating reissued by investment analysts at J P Morgan Chase & Co in a report issued on Wednesday. They presently have a GBX 610 ($8.22) price objective on the stock. J P Morgan Chase & Co’s target price would indicate a potential downside of 3.02% from the stock’s previous close.
A number of other brokerages have also commented on BA. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 645 ($8.70) price objective on shares of BAE Systems plc in a research report on Thursday, June 15th. UBS AG reiterated a “buy” rating and issued a GBX 730 ($9.84) price objective on shares of BAE Systems plc in a research report on Wednesday, May 24th. Barclays PLC reiterated an “underweight” rating and issued a GBX 460 ($6.20) price objective on shares of BAE Systems plc in a research report on Friday, August 4th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 610 ($8.22) price objective on shares of BAE Systems plc in a research report on Tuesday, July 11th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and issued a GBX 750 ($10.11) price objective on shares of BAE Systems plc in a research report on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of GBX 655.77 ($8.84).
Shares of BAE Systems plc (LON BA) opened at 628.50 on Wednesday. BAE Systems plc has a one year low of GBX 516.48 and a one year high of GBX 682.50. The stock has a 50 day moving average price of GBX 595.58 and a 200 day moving average price of GBX 629.23. The firm’s market cap is GBX 19.98 billion.
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In other BAE Systems plc news, insider Roger Carr bought 33,869 shares of BAE Systems plc stock in a transaction on Thursday, August 3rd. The shares were purchased at an average cost of GBX 591 ($7.97) per share, for a total transaction of £200,165.79 ($269,874.33). Over the last quarter, insiders have acquired 33,945 shares of company stock worth $20,061,785.
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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