BAE Systems plc (BA) Stock Rating Reaffirmed by Citigroup Inc.

BAE Systems plc (LON:BA)‘s stock had its “buy” rating reissued by analysts at Citigroup Inc. in a research report issued to clients and investors on Wednesday. They presently have a GBX 720 ($9.47) target price on the stock. Citigroup Inc.’s price target indicates a potential upside of 16.88% from the company’s previous close.

A number of other brokerages have also issued reports on BA. Goldman Sachs Group, Inc. (The) increased their price target 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 cut their price target 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. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 645 ($8.48) price target on shares of BAE Systems plc in a research note on Thursday, June 15th. Berenberg Bank lowered BAE Systems plc to a “hold” rating and cut their price target for the stock from GBX 700 ($9.20) to GBX 600 ($7.89) in a research note on Tuesday, October 3rd. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a GBX 610 ($8.02) price target on shares of BAE Systems plc in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. BAE Systems plc presently has an average rating of “Buy” and a consensus price target of GBX 648.08 ($8.52).

Shares of BAE Systems plc (BA) opened at 614.00 on Wednesday. The company’s market cap is GBX 19.52 billion. The company’s 50-day moving average price is GBX 611.82 and its 200 day moving average price is GBX 626.94. BAE Systems plc has a 1-year low of GBX 526.92 and a 1-year high of GBX 682.50.

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In other BAE Systems plc news, insider Roger Carr purchased 33,869 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average price of GBX 591 ($7.77) per share, with a total value of £200,165.79 ($263,168.28). In the last ninety days, 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.

Analyst Recommendations for BAE Systems plc (LON:BA)

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