BAE Systems plc (LON:BA)‘s stock had its “neutral” rating reissued by equities research analysts at Credit Suisse Group AG in a research note issued to investors on Monday.
Several other research firms have also issued reports on BA. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 605 ($7.90) price target on shares of BAE Systems plc in a research report on Wednesday, June 15th. Barclays PLC reiterated an “underweight” rating and set a GBX 430 ($5.61) target price on shares of BAE Systems plc in a research report on Wednesday, September 21st. Deutsche Bank AG lifted their target price on shares of BAE Systems plc from GBX 518 ($6.76) to GBX 540 ($7.05) and gave the company a “buy” rating in a research report on Monday, July 25th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating and set a GBX 671 ($8.76) target price on shares of BAE Systems plc in a research report on Sunday, September 11th. Finally, Berenberg Bank upgraded shares of BAE Systems plc to a “buy” rating and lifted their target price for the company from GBX 520 ($6.79) to GBX 580 ($7.57) in a research report on Friday, August 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. BAE Systems plc currently has a consensus rating of “Buy” and an average price target of GBX 556.69 ($7.27).
BAE Systems plc (LON:BA) opened at 543.16 on Monday. The company’s market capitalization is GBX 17.21 billion. BAE Systems plc has a 12-month low of GBX 433.00 and a 12-month high of GBX 557.53. The stock has a 50 day moving average of GBX 536.39 and a 200 day moving average of GBX 512.35.
In other BAE Systems plc news, insider Charles Woodburn purchased 26,498 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The stock was acquired at an average cost of GBX 536 ($7.00) per share, with a total value of £142,029.28 ($185,392.61).
BAE Systems plc Company Profile
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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