Insider Selling: BAE Systems plc (BA) Insider Sells 6,399 Shares of Stock
BAE Systems plc (LON:BA) insider Peter Lynas sold 6,399 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of GBX 652 ($8.48), for a total value of £41,721.48 ($54,275.37).
Shares of BAE Systems plc (LON:BA) traded up 0.85% during mid-day trading on Thursday, hitting GBX 655.50. The stock had a trading volume of 2,626,393 shares. BAE Systems plc has a 12 month low of GBX 464.80 and a 12 month high of GBX 662.00. The firm’s market cap is GBX 20.81 billion. The stock’s 50-day moving average is GBX 637.81 and its 200 day moving average is GBX 615.97.
Several brokerages recently issued reports on BA. Citigroup Inc reissued a “buy” rating and issued a GBX 720 ($9.37) price objective on shares of BAE Systems plc in a research note on Thursday, March 30th. Barclays PLC reissued an “underweight” rating and issued a GBX 460 ($5.98) price objective on shares of BAE Systems plc in a research note on Monday, March 20th. Jefferies Group LLC reissued a “hold” rating and issued a GBX 600 ($7.81) price objective on shares of BAE Systems plc in a research note on Friday, March 17th. Berenberg Bank increased their price objective on BAE Systems plc from GBX 580 ($7.55) to GBX 700 ($9.11) and gave the stock a “buy” rating in a research note on Friday, March 10th. Finally, Beaufort Securities reissued a “buy” rating on shares of BAE Systems plc in a research note on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. BAE Systems plc has an average rating of “Buy” and a consensus price target of GBX 651 ($8.47).
About BAE Systems plc
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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