JPMorgan Chase & Co. Boosts BAE Systems plc (BA) Price Target to GBX 655
BAE Systems plc (LON:BA) had its target price upped by investment analysts at JPMorgan Chase & Co. from GBX 625 ($7.74) to GBX 655 ($8.11) in a research report issued to clients and investors on Monday. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 19.63% from the company’s current price.
A number of other brokerages have also recently commented on BA. Jefferies Group reaffirmed a “buy” rating and issued a GBX 600 ($7.43) price target on shares of BAE Systems plc in a research note on Friday, September 16th. Goldman Sachs Group Inc. lifted their price objective on BAE Systems plc from GBX 653 ($8.08) to GBX 671 ($8.30) and gave the stock a “conviction-buy” rating in a research report on Monday, September 5th. Barclays PLC reiterated an “underweight” rating and issued a GBX 430 ($5.32) price objective on shares of BAE Systems plc in a research report on Wednesday, September 21st. Beaufort Securities reiterated a “buy” rating on shares of BAE Systems plc in a research report on Friday, July 29th. Finally, BNP Paribas lifted their price objective on BAE Systems plc from GBX 541 ($6.70) to GBX 565 ($6.99) and gave the stock an “outperform” rating in a research report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 558.56 ($6.91).
BAE Systems plc (LON:BA) traded up 1.30% during midday trading on Monday, reaching GBX 547.50. The company had a trading volume of 8,104,971 shares. The stock’s market capitalization is GBX 17.34 billion. The company has a 50-day moving average of GBX 538.21 and a 200-day moving average of GBX 513.50. BAE Systems plc has a 12-month low of GBX 433.00 and a 12-month high of GBX 557.53.
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In other BAE Systems plc news, insider Charles Woodburn purchased 26,498 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The stock was purchased at an average price of GBX 536 ($6.63) per share, for a total transaction of £142,029.28 ($175,778.81).
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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