BAE Systems plc (LON:BA)‘s stock had its “underweight” rating restated by analysts at Barclays PLC in a report released on Tuesday.
Several other research analysts have also recently commented on the company. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 685 ($8.94) price target on shares of BAE Systems plc in a research note on Friday, April 21st. Jefferies Group LLC boosted their price target on BAE Systems plc from GBX 600 ($7.83) to GBX 615 ($8.03) and gave the stock a “hold” rating in a research note on Friday, May 19th. Beaufort Securities reiterated a “buy” rating on shares of BAE Systems plc in a research note on Thursday, May 11th. Deutsche Bank AG cut their price target on BAE Systems plc from GBX 665 ($8.68) to GBX 645 ($8.42) and set a “buy” rating on the stock in a research note on Thursday, May 18th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a GBX 720 ($9.40) price target on shares of BAE Systems plc in a research note on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 656.38 ($8.57).
BAE Systems plc (LON:BA) opened at 613.50 on Tuesday. The stock’s market cap is GBX 19.48 billion. BAE Systems plc has a 12-month low of GBX 515.00 and a 12-month high of GBX 682.50. The stock has a 50 day moving average price of GBX 656.27 and a 200-day moving average price of GBX 628.29.
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In other news, insider Peter Lynas sold 6,399 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of GBX 652 ($8.51), for a total transaction of £41,721.48 ($54,480.91). Also, insider Ian King sold 11,396 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of GBX 639 ($8.34), for a total value of £72,820.44 ($95,090.68). Over the last ninety days, insiders have bought 68 shares of company stock valued at $43,177 and have sold 31,726 shares valued at $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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