BAE Systems plc (BA) Insider Charles Woodburn Acquires 26 Shares
BAE Systems plc (LON:BA) insider Charles Woodburn bought 26 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were bought at an average cost of GBX 581 ($7.54) per share, for a total transaction of £151.06 ($196.11).
Shares of BAE Systems plc (LON BA) traded up 2.33% on Tuesday, reaching GBX 594.00. 7,990,734 shares of the company’s stock traded hands. The stock has a 50-day moving average price of GBX 609.96 and a 200-day moving average price of GBX 630.32. The company’s market cap is GBX 18.88 billion. BAE Systems plc has a 12-month low of GBX 516.48 and a 12-month high of GBX 682.50.
The company also recently declared a dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, October 19th will be issued a GBX 8.80 ($0.11) dividend. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, October 19th.
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A number of equities research analysts have recently weighed in on the stock. J P Morgan Chase & Co cut their target price on shares of BAE Systems plc from GBX 660 ($8.57) to GBX 630 ($8.18) and set a “neutral” rating on the stock in a research note on Wednesday, July 5th. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 720 ($9.35) target price on shares of BAE Systems plc in a research note on Tuesday, July 11th. UBS AG reaffirmed a “buy” rating and set a GBX 730 ($9.48) target price on shares of BAE Systems plc in a research note on Wednesday, May 24th. Beaufort Securities reaffirmed a “buy” rating on shares of BAE Systems plc in a research note on Thursday, May 11th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 645 ($8.37) target price on shares of BAE Systems plc in a research note on Friday, July 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of GBX 654.85 ($8.50).
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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