BAE Systems plc’s (BA) “Underweight” Rating Reiterated at Barclays PLC
BAE Systems plc (LON:BA)‘s stock had its “underweight” rating restated by Barclays PLC in a research report issued to clients and investors on Wednesday. They currently have a GBX 430 ($5.61) target price on the stock. Barclays PLC’s target price indicates a potential downside of 21.03% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. Deutsche Bank AG reaffirmed a “hold” rating on shares of BAE Systems plc in a research note on Friday, June 24th. JPMorgan Chase & Co. raised their price target on BAE Systems plc from GBX 555 ($7.24) to GBX 625 ($8.16) and gave the stock an “overweight” rating in a research note on Friday, July 29th. Goldman Sachs Group Inc. cut their price target on 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 raised their price target on 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. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of BAE Systems plc in a research note on Friday, July 29th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 551.88 ($7.20).
BAE Systems plc (LON:BA) opened at 545.2272 on Wednesday. The firm’s market capitalization is GBX 17.27 billion. The firm has a 50 day moving average price of GBX 535.96 and a 200-day moving average price of GBX 510.33. BAE Systems plc has a 12 month low of GBX 423.70 and a 12 month high of GBX 557.53.
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In other news, insider Corley,Elizabeth acquired 10,000 shares of the firm’s stock in a transaction dated 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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