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.
WARNING: This news story was first reported by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/2957121/bae-systems-plc-ba-stock-rating-reaffirmed-by-citigroup-inc.html.
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.
Receive News & Ratings for BAE Systems plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BAE Systems plc and related companies with MarketBeat.com's FREE daily email newsletter.