J P Morgan Chase & Co Trims BAE Systems plc (BA) Target Price to GBX 610
BAE Systems plc (LON:BA) had its price target cut by J P Morgan Chase & Co from GBX 630 ($8.31) to GBX 610 ($8.05) in a research report released on Friday. They currently have a neutral rating on the stock.
BA has been the topic of a number of other research reports. Beaufort Securities reiterated a buy rating on shares of BAE Systems plc in a research report on Thursday, May 11th. Citigroup Inc. reiterated a buy rating and issued a GBX 720 ($9.50) target price on shares of BAE Systems plc in a research report on Tuesday, June 13th. Kepler Capital Markets reiterated a buy rating and issued a GBX 700 ($9.23) target price on shares of BAE Systems plc in a research report on Tuesday, July 25th. Deutsche Bank AG lifted their target price on shares of BAE Systems plc from GBX 650 ($8.57) to GBX 665 ($8.77) and gave the stock a buy rating in a research report on Monday, April 24th. Finally, Goldman Sachs Group, Inc. (The) lifted their target price on shares of BAE Systems plc from GBX 697 ($9.19) to GBX 763 ($10.06) and gave the stock a buy rating in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of GBX 654.85 ($8.64).
Shares of BAE Systems plc (BA) opened at 588.50 on Friday. The company’s market cap is GBX 18.71 billion. The company has a 50 day moving average of GBX 629.40 and a 200 day moving average of GBX 631.45. BAE Systems plc has a 52 week low of GBX 515.00 and a 52 week high of GBX 682.50.
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In related news, insider Ian King sold 11,396 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of GBX 639 ($8.43), for a total transaction of £72,820.44 ($96,056.51). Also, insider Roger Carr acquired 33,869 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of GBX 591 ($7.80) per share, for a total transaction of £200,165.79 ($264,036.13). In the last ninety days, insiders have bought 33,937 shares of company stock worth $20,059,756 and have sold 31,726 shares worth $20,439,687.
About BAE Systems plc
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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