J P Morgan Chase & Co Trims BAE Systems plc (BA) Target Price to GBX 630
BAE Systems plc (LON:BA) had its price objective lowered by research analysts at J P Morgan Chase & Co from GBX 660 ($8.55) to GBX 630 ($8.16) in a research report issued to clients and investors on Wednesday. The firm presently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price objective indicates a potential upside of 2.02% from the company’s previous close.
BA has been the subject of a number of other research reports. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 645 ($8.35) target price on shares of BAE Systems plc in a report on Thursday, June 15th. Jefferies Group LLC lifted their target price on BAE Systems plc from GBX 600 ($7.77) to GBX 615 ($7.97) and gave the stock a “hold” rating in a report on Friday, May 19th. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 720 ($9.33) target price on shares of BAE Systems plc in a report on Thursday, March 30th. Berenberg Bank lifted their target price on BAE Systems plc from GBX 580 ($7.51) to GBX 700 ($9.07) and gave the stock a “buy” rating in a report on Friday, March 10th. Finally, Barclays PLC reaffirmed an “underweight” rating and set a GBX 460 ($5.96) target price on shares of BAE Systems plc in a report on Monday, March 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. BAE Systems plc currently has an average rating of “Buy” and a consensus target price of GBX 653.91 ($8.47).
BAE Systems plc (LON:BA) traded up 0.73% during midday trading on Wednesday, hitting GBX 617.50. 7,706,427 shares of the stock traded hands. The company has a 50-day moving average of GBX 656.27 and a 200-day moving average of GBX 628.29. BAE Systems plc has a 12 month low of GBX 467.50 and a 12 month high of GBX 682.50. The stock’s market cap is GBX 19.60 billion.
In other news, insider Peter Lynas sold 6,399 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of GBX 652 ($8.45), for a total value of £41,721.48 ($54,043.37). Also, insider Alan Garwood sold 13,931 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of GBX 645 ($8.35), for a total value of £89,854.95 ($116,392.42). Over the last 90 days, insiders bought 66 shares of company stock valued at $42,526 and sold 31,726 shares valued at $20,439,687.
BAE Systems plc Company Profile
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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