BAE Systems plc (BA) Rating Reiterated by Deutsche Bank AG
BAE Systems plc (LON:BA)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank AG in a report released on Wednesday. They currently have a GBX 670 ($8.81) price objective on the stock. Deutsche Bank AG’s price objective indicates a potential upside of 8.77% from the stock’s current price.
Several other research analysts have also issued reports on BA. Citigroup Inc. reiterated a “buy” rating and set a GBX 720 ($9.47) price objective on shares of BAE Systems plc in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) increased their price objective on BAE Systems plc from GBX 697 ($9.16) to GBX 763 ($10.03) and gave the stock a “buy” rating in a research note on Tuesday, June 13th. J P Morgan Chase & Co dropped their price objective on BAE Systems plc from GBX 685 ($9.01) to GBX 660 ($8.68) and set a “neutral” rating for the company in a research note on Friday, June 23rd. Credit Suisse Group reiterated a “neutral” rating and set a GBX 610 ($8.02) price objective on shares of BAE Systems plc in a research note on Tuesday, July 11th. Finally, Barclays PLC reiterated an “underweight” rating on shares of BAE Systems plc in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 648.08 ($8.52).
BAE Systems plc (LON:BA) opened at 614.00 on Wednesday. BAE Systems plc has a 52-week low of GBX 526.92 and a 52-week high of GBX 682.50. The stock’s 50 day moving average is GBX 611.82 and its 200 day moving average is GBX 626.94. The company’s market cap is GBX 19.52 billion.
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In other news, insider Roger Carr acquired 33,869 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average cost of GBX 591 ($7.77) per share, for a total transaction of £200,165.79 ($263,168.28). Over the last quarter, insiders purchased 33,920 shares of company stock valued at $20,046,460.
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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