BAE Systems plc (BA) PT Raised to GBX 655 at JPMorgan Chase & Co.
BAE Systems plc (LON:BA) had its target price raised by analysts at JPMorgan Chase & Co. from GBX 625 ($8.16) to GBX 655 ($8.55) in a research note issued on Monday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 21.45% from the stock’s current price.
Other analysts have also recently issued research reports about the stock. Berenberg Bank cut shares of BAE Systems plc to a “hold” rating and decreased their target price for the stock from GBX 570 ($7.44) to GBX 520 ($6.79) in a research note on Thursday, June 23rd. Goldman Sachs Group Inc. decreased their target price on shares of BAE Systems plc from GBX 605 ($7.90) to GBX 599 ($7.82) and set a “buy” rating on the stock in a research note on Monday, June 27th. Jefferies Group reaffirmed a “buy” rating and set a GBX 600 ($7.83) target price on shares of BAE Systems plc in a research note on Friday, September 16th. Beaufort Securities reaffirmed a “buy” rating on shares of BAE Systems plc in a research note on Friday, July 29th. Finally, Barclays PLC boosted their target price on shares of BAE Systems plc from GBX 410 ($5.35) to GBX 430 ($5.61) and gave the stock an “underweight” rating in a research note on Friday, July 29th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. BAE Systems plc presently has an average rating of “Buy” and an average target price of GBX 558.56 ($7.29).
BAE Systems plc (LON:BA) opened at 543.50 on Monday. The firm’s market cap is GBX 17.22 billion. The stock has a 50 day moving average price of GBX 537.33 and a 200-day moving average price of GBX 512.81. BAE Systems plc has a 1-year low of GBX 433.00 and a 1-year high of GBX 557.53.
In other BAE Systems plc news, insider Charles Woodburn bought 26,498 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The stock was bought at an average cost of GBX 536 ($7.00) per share, with a total value of £142,029.28 ($185,392.61).
About BAE Systems plc
BAE Systems plc is a defense, aerospace and security company. Its segments include Electronic Systems, which consist of the Company’s United States and United Kingdom-based electronics activities; Cyber & Intelligence, which consists of its United States-based Intelligence & Security business and the United Kingdom-headquartered applied intelligence business; Platforms & Services (US), which produces combat vehicles, weapons and munitions; Platforms & Services (UK), which consist of its United Kingdom-based air, maritime, combat vehicle, munitions and shared services activities; Platforms & Services (International), which consist of the Company’s businesses in Saudi Arabia, Australia and Oman, together with its interest in the MBDA joint venture, and HQ, which comprises the Company’s head office activities, together with approximately 49% interest in Air Astana.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.