BAE Systems plc (LON:BA) Given Consensus Rating of “Buy” by Brokerages
BAE Systems plc (LON:BA) has been assigned an average rating of “Buy” from the seventeen analysts that are currently covering the firm. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, ten have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 563.47 ($7.36).
Several research analysts have recently commented on the company. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 605 ($7.90) target price on shares of BAE Systems plc in a research note on Thursday, June 23rd. Beaufort Securities reissued a “buy” rating on shares of BAE Systems plc in a report on Friday, July 29th. Berenberg Bank raised BAE Systems plc to a “buy” rating and lifted their price target for the stock from GBX 520 ($6.79) to GBX 580 ($7.57) in a report on Friday, August 26th. Deutsche Bank AG lifted their price target on BAE Systems plc from GBX 518 ($6.76) to GBX 540 ($7.05) and gave the stock a “buy” rating in a report on Monday, July 25th. Finally, Barclays PLC lifted their price target on BAE Systems plc from GBX 410 ($5.35) to GBX 430 ($5.61) and gave the stock an “underweight” rating in a report on Friday, July 29th.
Shares of BAE Systems plc (LON:BA) opened at 544.00 on Wednesday. The company’s market cap is GBX 17.23 billion. The stock’s 50 day moving average price is GBX 537.33 and its 200 day moving average price is GBX 512.81. BAE Systems plc has a one year low of GBX 433.00 and a one year high of GBX 557.53.
In other news, insider Charles Woodburn acquired 26,498 shares of BAE Systems plc stock in a transaction that occurred on Thursday, September 22nd. The shares were acquired at an average price of GBX 536 ($7.00) per share, for a total transaction of £142,029.28 ($185,392.61).
BAE Systems plc Company Profile
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.
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