Beaufort Securities Reaffirms Buy Rating for BAE Systems plc (BA)
BAE Systems plc (LON:BA)‘s stock had its “buy” rating reaffirmed by equities research analysts at Beaufort Securities in a research report issued to clients and investors on Friday.
A number of other research analysts have also recently issued reports on the stock. Barclays PLC reissued an “underweight” rating and set a GBX 430 ($5.61) price target on shares of BAE Systems plc in a research report on Wednesday, September 21st. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 555 ($7.24) price target on shares of BAE Systems plc in a research report on Monday, July 18th. Goldman Sachs Group Inc. lowered their price target 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 report on Monday, June 27th. Deutsche Bank AG raised shares of BAE Systems plc to a “buy” rating and lowered their price target for the company from GBX 520 ($6.79) to GBX 518 ($6.76) in a research report on Wednesday, June 29th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 520 ($6.79) price target on shares of BAE Systems plc in a research report on Tuesday, July 19th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. BAE Systems plc currently has a consensus rating of “Buy” and a consensus price target of GBX 556.69 ($7.27).
BAE Systems plc (LON:BA) traded up 0.65% on Friday, hitting GBX 540.50. 12,184,685 shares of the stock were exchanged. The company has a 50-day moving average of GBX 537.33 and a 200-day moving average of GBX 512.81. BAE Systems plc has a 12 month low of GBX 433.00 and a 12 month high of GBX 557.53. The stock’s market cap is GBX 17.12 billion.
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In other news, insider Charles Woodburn purchased 26,498 shares of the company’s stock in a transaction on Thursday, September 22nd. The stock was acquired at an average cost of GBX 536 ($7.00) per share, for a total transaction of £142,029.28 ($185,392.61).
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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