BAE Systems plc (LON:BA) has earned a consensus rating of “Buy” from the fourteen brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 654.85 ($8.50).
A number of equities analysts recently issued reports on BA shares. Jefferies Group LLC boosted their target price on shares of BAE Systems plc from GBX 600 ($7.79) to GBX 615 ($7.98) and gave the stock a “hold” rating in a research report on Friday, May 19th. 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 report on Thursday, June 15th. J P Morgan Chase & Co dropped their target price on shares of BAE Systems plc from GBX 630 ($8.18) to GBX 610 ($7.92) and set a “neutral” rating on the stock in a research report on Friday, August 4th. UBS AG reaffirmed a “buy” rating and set a GBX 730 ($9.48) target price on shares of BAE Systems plc in a research report on Wednesday, May 24th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 610 ($7.92) target price on shares of BAE Systems plc in a research report on Tuesday, July 11th.
In other news, insider Roger Carr acquired 33,869 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was purchased at an average cost of GBX 591 ($7.67) per share, with a total value of £200,165.79 ($259,854.33). Also, insider Peter Lynas sold 6,399 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of GBX 652 ($8.46), for a total value of £41,721.48 ($54,162.64). Insiders have acquired a total of 33,939 shares of company stock valued at $20,059,550 over the last three months.
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Shares of BAE Systems plc (LON BA) traded up 0.26% during trading on Friday, reaching GBX 585.00. 2,879,390 shares of the company’s stock traded hands. The company’s market capitalization is GBX 18.60 billion. BAE Systems plc has a 1-year low of GBX 516.48 and a 1-year high of GBX 682.50. The stock has a 50-day moving average of GBX 605.09 and a 200-day moving average of GBX 629.75.
The company also recently disclosed a dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, October 19th will be issued a dividend of GBX 8.80 ($0.11) per share. The ex-dividend date of this dividend is Thursday, October 19th. This represents a yield of 1.51%.
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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