BAE Systems plc (BA) Receives Overweight Rating from JPMorgan Chase & Co.

BAE Systems plc (LON:BA)‘s stock had its “overweight” rating restated by analysts at JPMorgan Chase & Co. in a research report issued on Friday, April 21st. They presently have a GBX 685 ($8.84) target price on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 7.03% from the stock’s current price.

BA has been the topic of several other reports. BNP Paribas reissued an “outperform” rating and set a GBX 640 ($8.26) price objective on shares of BAE Systems plc in a research report on Friday, February 24th. Jefferies Group LLC reissued a “hold” rating and set a GBX 600 ($7.74) price objective on shares of BAE Systems plc in a research report on Friday, March 17th. Citigroup Inc reissued a “buy” rating and set a GBX 720 ($9.29) price objective on shares of BAE Systems plc in a research report on Thursday, March 30th. Societe Generale reaffirmed a “buy” rating and issued a GBX 690 ($8.91) target price on shares of BAE Systems plc in a report on Friday, February 24th. Finally, Barclays PLC lifted their target price on shares of BAE Systems plc from GBX 430 ($5.55) to GBX 460 ($5.94) and gave the company an “underweight” rating in a report on Friday, February 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 651 ($8.40).

Analyst Recommendations for BAE Systems plc (LON:BA)

BAE Systems plc (LON:BA) traded up 0.71% on Friday, reaching GBX 640.00. 10,217,901 shares of the company were exchanged. The stock’s market capitalization is GBX 20.32 billion. The stock has a 50-day moving average price of GBX 637.80 and a 200 day moving average price of GBX 612.65. BAE Systems plc has a 52 week low of GBX 464.80 and a 52 week high of GBX 657.00.

The company also recently disclosed a dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, April 20th will be given a GBX 12.70 ($0.16) dividend. This represents a dividend yield of 2%. The ex-dividend date is Thursday, April 20th.

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In related news, insider Charles Woodburn bought 46,569 shares of the stock in a transaction that occurred on Friday, February 24th. The stock was purchased at an average cost of GBX 610 ($7.87) per share, for a total transaction of £284,070.90 ($366,685.04). Also, insider Ian King sold 256,279 shares of the business’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of GBX 611 ($7.89), for a total transaction of £1,565,864.69 ($2,021,252.99). In the last three months, insiders bought 46,640 shares of company stock valued at $28,452,364 and sold 358,529 shares valued at $222,777,807.

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.

12 Month Chart for LON:BA

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