BAE Systems plc (BA) Stock Rating Reaffirmed by Jefferies Group LLC

BAE Systems plc (LON:BA)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Group LLC in a research note issued on Friday. They presently have a GBX 600 ($7.41) target price on the stock. Jefferies Group LLC’s target price would suggest a potential downside of 7.55% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Goldman Sachs Group Inc reissued a “conviction-buy” rating and set a GBX 697 ($8.61) target price on shares of BAE Systems plc in a report on Thursday, December 1st. BNP Paribas reissued an “outperform” rating and set a GBX 640 ($7.90) target price on shares of BAE Systems plc in a report on Friday, February 24th. Berenberg Bank increased their target price on shares of BAE Systems plc from GBX 580 ($7.16) to GBX 700 ($8.65) and gave the stock a “buy” rating in a report on Friday, March 10th. Barclays PLC increased their target price on shares of BAE Systems plc from GBX 430 ($5.31) to GBX 460 ($5.68) and gave the stock an “underweight” rating in a report on Friday, February 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of BAE Systems plc from GBX 665 ($8.21) to GBX 685 ($8.46) and gave the stock an “overweight” rating in a report on Tuesday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. BAE Systems plc presently has an average rating of “Buy” and an average target price of GBX 644 ($7.95).

Analyst Recommendations for BAE Systems plc (LON:BA)

BAE Systems plc (LON:BA) opened at 644.65 on Friday. The stock’s market capitalization is GBX 20.46 billion. The firm’s 50-day moving average is GBX 618.24 and its 200 day moving average is GBX 583.52. BAE Systems plc has a 12 month low of GBX 464.80 and a 12 month high of GBX 652.50.

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In related news, insider Ian King sold 256,279 shares of the stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of GBX 611 ($7.55), for a total value of £1,565,864.69 ($1,933,882.54). Also, insider Charles Woodburn acquired 46,569 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The stock was purchased at an average cost of GBX 610 ($7.53) per share, for a total transaction of £284,070.90 ($350,834.75). In the last ninety days, insiders purchased 46,642 shares of company stock worth $28,452,272.

About BAE Systems plc

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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