Shares of BAE Systems plc (LON:BA) were up 0% during mid-day trading on Thursday . The company traded as high as GBX 589.20 ($7.99) and last traded at GBX 585.80 ($7.94). Approximately 8,630,000 shares changed hands during mid-day trading, an increase of 20% from the average daily volume of 7,220,000 shares. The stock had previously closed at GBX 585.80 ($7.94).

A number of analysts recently issued reports on BA shares. Kepler Capital Markets reissued a “buy” rating and issued a GBX 700 ($9.49) target price on shares of BAE Systems in a research report on Monday, September 18th. Goldman Sachs Group reissued a “conviction-buy” rating and issued a GBX 750 ($10.17) target price on shares of BAE Systems in a research report on Monday, September 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 610 ($8.27) price objective on shares of BAE Systems in a research report on Wednesday, September 20th. Berenberg Bank cut BAE Systems to a “hold” rating and decreased their price objective for the stock from GBX 700 ($9.49) to GBX 600 ($8.14) in a research report on Tuesday, October 3rd. Finally, Citigroup reaffirmed a “buy” rating and set a GBX 720 ($9.76) price objective on shares of BAE Systems in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of GBX 647.08 ($8.78).

The firm has a market capitalization of $18,770.00 and a PE ratio of 1,786.67.

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About BAE Systems

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.

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