J P Morgan Chase & Co Cuts BAE Systems plc (BA) Price Target to GBX 660
BAE Systems plc (LON:BA) had its price objective reduced by equities research analysts at J P Morgan Chase & Co to GBX 660 ($8.39) in a research report issued to clients and investors on Friday, MarketBeat reports. The brokerage presently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price target indicates a potential upside of 1.30% from the company’s previous close.
BA has been the subject of several other research reports. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 645 ($8.20) price target on shares of BAE Systems plc in a research report on Thursday, June 15th. Jefferies Group LLC boosted their price objective on shares of BAE Systems plc from GBX 600 ($7.63) to GBX 615 ($7.82) and gave the stock a “hold” rating in a research note on Friday, May 19th. Beaufort Securities reiterated a “buy” rating on shares of BAE Systems plc in a research note on Friday, February 24th. Citigroup Inc. reiterated a “buy” rating and set a GBX 720 ($9.16) price objective on shares of BAE Systems plc in a research note on Thursday, March 30th. Finally, Societe Generale reiterated a “buy” rating and set a GBX 690 ($8.78) price objective on shares of BAE Systems plc in a research note on Friday, February 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 658.91 ($8.38).
BAE Systems plc (LON BA) opened at 647.50 on Friday. The stock’s market cap is GBX 20.56 billion. BAE Systems plc has a 12 month low of GBX 464.80 and a 12 month high of GBX 682.50. The firm’s 50 day moving average price is GBX 655.20 and its 200 day moving average price is GBX 626.47.
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In related news, insider Alan Garwood sold 21,796 shares of the stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of GBX 645 ($8.20), for a total value of £140,584.20 ($178,814.81). Also, insider Lynn C. Minella sold 52,558 shares of the stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of GBX 653 ($8.31), for a total transaction of £343,203.74 ($436,534.90). Over the last three months, insiders have acquired 66 shares of company stock worth $42,526 and have sold 106,080 shares worth $68,818,481.
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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