BAE Systems plc (BA) Rating Reiterated by Barclays PLC
Barclays PLC restated their underweight rating on shares of BAE Systems plc (LON:BA) in a research report report published on Tuesday. Barclays PLC currently has a GBX 460 ($5.95) price objective on the stock.
Several other research analysts have also recently weighed in on BA. Beaufort Securities reissued a buy rating on shares of BAE Systems plc in a report on Thursday, May 11th. Deutsche Bank AG lowered their price target on shares of BAE Systems plc from GBX 665 ($8.60) to GBX 645 ($8.34) and set a buy rating on the stock in a report on Thursday, May 18th. Jefferies Group LLC increased their price target on shares of BAE Systems plc from GBX 600 ($7.76) to GBX 615 ($7.95) and gave the company a hold rating in a report on Friday, May 19th. UBS AG reissued a buy rating and issued a GBX 730 ($9.44) price target on shares of BAE Systems plc in a report on Wednesday, May 24th. Finally, Citigroup Inc. reaffirmed a buy rating and set a GBX 720 ($9.31) target price on shares of BAE Systems plc in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 655.77 ($8.48).
Shares of BAE Systems plc (BA) opened at 610.50 on Tuesday. The firm’s market capitalization is GBX 19.41 billion. BAE Systems plc has a 52-week low of GBX 516.48 and a 52-week high of GBX 682.50. The company’s 50-day moving average price is GBX 597.91 and its 200-day moving average price is GBX 630.24.
The company also recently declared a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 19th will be given a dividend of GBX 8.80 ($0.11) per share. The ex-dividend date is Thursday, October 19th. This represents a dividend yield of 1.51%.
In other news, insider Roger Carr purchased 33,869 shares of BAE Systems plc stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average price of GBX 591 ($7.64) per share, for a total transaction of £200,165.79 ($258,879.71). Insiders have purchased a total of 33,939 shares of company stock worth $20,059,550 in the last quarter.
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.
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