Shares of BAE Systems (LON:BA) have received a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 637.80 ($8.49).
A number of brokerages have recently issued reports on BA. JPMorgan Chase & Co. boosted their price objective on BAE Systems from GBX 550 ($7.32) to GBX 600 ($7.99) and gave the company an “underweight” rating in a research note on Wednesday, May 23rd. Berenberg Bank raised BAE Systems to a “buy” rating and boosted their price objective for the company from GBX 600 ($7.99) to GBX 700 ($9.32) in a research note on Tuesday, April 24th. Goldman Sachs Group reissued a “conviction-buy” rating on shares of BAE Systems in a research note on Friday, April 6th. Citigroup reissued a “buy” rating and issued a GBX 750 ($9.99) price objective on shares of BAE Systems in a research note on Tuesday, March 27th. Finally, Deutsche Bank dropped their price objective on BAE Systems from GBX 730 ($9.72) to GBX 708 ($9.43) and set a “buy” rating on the stock in a research note on Monday, February 26th.
Shares of BAE Systems traded up GBX 5.60 ($0.07), reaching GBX 650.80 ($8.66), during midday trading on Thursday, Marketbeat reports. The company’s stock had a trading volume of 8,835,263 shares, compared to its average volume of 9,870,000. BAE Systems has a fifty-two week low of GBX 533.50 ($7.10) and a fifty-two week high of GBX 682.50 ($9.09).
In related news, insider Peter Lynas sold 10,525 shares of the business’s stock in a transaction dated Thursday, April 12th. The stock was sold at an average price of GBX 591 ($7.87), for a total value of £62,202.75 ($82,815.54).
BAE Systems Company Profile
BAE Systems plc operates as a defense, aerospace, and security company worldwide. Its Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.
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