BAE Systems plc (BA) Earns “Buy” Rating from Jefferies Group
Several other research analysts have also commented on BA. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 555 ($7.24) price objective on shares of BAE Systems plc in a report on Monday, July 18th. Goldman Sachs Group Inc. decreased their price objective on shares of BAE Systems plc from GBX 605 ($7.90) to GBX 599 ($7.82) and set a buy rating for the company in a report on Monday, June 27th. Deutsche Bank AG upgraded shares of BAE Systems plc to a buy rating and decreased their price objective for the stock from GBX 520 ($6.79) to GBX 518 ($6.76) in a report on Wednesday, June 29th. Berenberg Bank restated a hold rating and issued a GBX 520 ($6.79) price objective on shares of BAE Systems plc in a report on Tuesday, July 19th. Finally, BNP Paribas restated an outperform rating and issued a GBX 541 ($7.06) price objective on shares of BAE Systems plc in a report on Monday, June 27th. Three 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’s stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 551.88 ($7.20).
BAE Systems plc (LON:BA) opened at 544.50 on Friday. The company’s 50-day moving average is GBX 535.96 and its 200 day moving average is GBX 510.33. BAE Systems plc has a 12-month low of GBX 423.70 and a 12-month high of GBX 557.53. The stock’s market capitalization is GBX 17.25 billion.
In related news, insider Corley,Elizabeth purchased 10,000 shares of the company’s stock in a transaction dated Thursday, June 30th. The shares were purchased at an average price of GBX 511 ($6.67) per share, with a total value of £51,100 ($66,701.48).
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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