BAE Systems plc’s (BA) Neutral Rating Reiterated at J P Morgan Chase & Co
BAE Systems plc (LON:BA)‘s stock had its “neutral” rating reissued by analysts at J P Morgan Chase & Co in a note issued to investors on Monday. They currently have a GBX 630 ($8.21) price objective on the stock. J P Morgan Chase & Co’s target price suggests a potential upside of 4.39% from the stock’s current price.
BA has been the topic of a number of other reports. Deutsche Bank AG restated a “buy” rating and issued a GBX 645 ($8.40) target price on shares of BAE Systems plc in a research note on Thursday, June 15th. Jefferies Group LLC upped their target price on BAE Systems plc from GBX 600 ($7.82) to GBX 615 ($8.01) and gave the stock a “hold” rating in a research note on Friday, May 19th. Citigroup Inc. restated a “buy” rating and issued a GBX 720 ($9.38) target price on shares of BAE Systems plc in a research note on Thursday, March 30th. Barclays PLC restated an “underweight” rating on shares of BAE Systems plc in a research note on Tuesday, July 18th. Finally, Credit Suisse Group restated a “neutral” rating and issued a GBX 610 ($7.95) target price on shares of BAE Systems plc in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. BAE Systems plc currently has a consensus rating of “Buy” and an average target price of GBX 656.38 ($8.55).
BAE Systems plc (LON BA) traded down 0.82% during mid-day trading on Monday, reaching GBX 601.50. The company had a trading volume of 9,042,513 shares. The stock’s market capitalization is GBX 19.10 billion. BAE Systems plc has a 12-month low of GBX 515.00 and a 12-month high of GBX 682.50. The stock has a 50 day moving average price of GBX 643.98 and a 200-day moving average price of GBX 630.91.
In other news, insider Peter Lynas sold 6,399 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of GBX 652 ($8.49), for a total value of £41,721.48 ($54,353.15). Also, insider Alan Garwood sold 13,931 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of GBX 645 ($8.40), for a total value of £89,854.95 ($117,059.60). In the last ninety days, insiders have acquired 68 shares of company stock valued at $43,177 and have sold 31,726 shares valued at $20,439,687.
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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