BAE Systems plc’s (BA) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.
JPMorgan Chase & Co. restated their overweight rating on shares of BAE Systems plc (LON:BA) in a research note released on Wednesday. The brokerage currently has a GBX 625 ($8.16) price target on the stock.
Other equities analysts have also recently issued reports about the stock. Deutsche Bank AG reissued a hold rating on shares of BAE Systems plc in a research note on Friday, June 24th. Goldman Sachs Group Inc. dropped 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 research note on Monday, June 27th. BNP Paribas lifted their price target on shares of BAE Systems plc from GBX 541 ($7.06) to GBX 565 ($7.38) and gave the stock an outperform rating in a research note on Friday, July 29th. Barclays PLC lifted their price target on shares of BAE Systems plc from GBX 410 ($5.35) to GBX 430 ($5.61) and gave the stock an underweight rating in a research note on Friday, July 29th. Finally, Beaufort Securities reaffirmed a buy rating on shares of BAE Systems plc in a research note on Friday, July 29th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of GBX 551.88 ($7.20).
BAE Systems plc (LON:BA) opened at 542.00 on Wednesday. BAE Systems plc has a 1-year low of GBX 423.70 and a 1-year high of GBX 557.53. The company’s market capitalization is GBX 17.17 billion. The company has a 50-day moving average of GBX 535.72 and a 200-day moving average of GBX 510.01.
In related news, insider Corley,Elizabeth bought 10,000 shares of the company’s stock in a transaction on Thursday, June 30th. The shares were bought at an average price of GBX 511 ($6.67) per share, with a total value of £51,100 ($66,701.48).
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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