BAE Systems plc (BA) Earns “Buy” Rating from Beaufort Securities
BA has been the topic of a number of other research reports. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 605 ($7.49) price target on shares of BAE Systems plc in a report on Wednesday, June 15th. Barclays PLC reissued an underweight rating and issued a GBX 430 ($5.32) price target on shares of BAE Systems plc in a report on Wednesday, September 21st. Deutsche Bank AG increased their price target on shares of BAE Systems plc from GBX 518 ($6.41) to GBX 540 ($6.68) and gave the stock a buy rating in a report on Monday, July 25th. Goldman Sachs Group Inc. reissued a conviction-buy rating and issued a GBX 671 ($8.30) price target on shares of BAE Systems plc in a report on Sunday, September 11th. Finally, Berenberg Bank raised shares of BAE Systems plc to a buy rating and increased their price target for the stock from GBX 520 ($6.44) to GBX 580 ($7.18) in a report on Friday, August 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. BAE Systems plc presently has a consensus rating of Buy and a consensus target price of GBX 558.56 ($6.91).
BAE Systems plc (LON:BA) opened at 544.00 on Friday. BAE Systems plc has a 52 week low of GBX 433.00 and a 52 week high of GBX 557.53. The company’s 50-day moving average is GBX 538.36 and its 200-day moving average is GBX 513.83. The company’s market cap is GBX 17.23 billion.
In other BAE Systems plc news, insider Charles Woodburn purchased 26,498 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The stock was bought at an average cost of GBX 536 ($6.63) per share, for a total transaction of £142,029.28 ($175,778.81).
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.
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