BAE Systems plc (BA) Receives Consensus Rating of “Buy” from Analysts
BAE Systems plc (LON:BA) has been given an average rating of “Buy” by the fourteen research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 648.08 ($8.55).
A number of research firms recently weighed in on BA. J P Morgan Chase & Co dropped their price target on shares of BAE Systems plc from GBX 660 ($8.71) to GBX 630 ($8.31) and set a “neutral” rating for the company in a research note on Wednesday, July 5th. Deutsche Bank AG reissued a “buy” rating and set a GBX 645 ($8.51) price target on shares of BAE Systems plc in a research note on Friday, July 7th. Citigroup Inc. reissued a “buy” rating and set a GBX 720 ($9.50) price target on shares of BAE Systems plc in a research note on Tuesday, July 11th. Credit Suisse Group reissued a “neutral” rating and set a GBX 610 ($8.05) price target on shares of BAE Systems plc in a research note on Tuesday, July 11th. Finally, Barclays PLC reissued an “underweight” rating on shares of BAE Systems plc in a research note on Tuesday, July 18th.
In related news, insider Roger Carr acquired 33,869 shares of the stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of GBX 591 ($7.80) per share, with a total value of £200,165.79 ($264,140.66). Insiders acquired 33,944 shares of company stock valued at $20,061,124 in the last ninety days.
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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