Several other research firms also recently weighed in on BA. JPMorgan Chase & Co. increased their target price on BAE Systems plc from GBX 665 ($8.21) to GBX 685 ($8.46) and gave the stock an overweight rating in a research report on Tuesday, February 28th. BNP Paribas reiterated an outperform rating and set a GBX 640 ($7.90) target price on shares of BAE Systems plc in a research report on Friday, February 24th. Barclays PLC increased their target price on BAE Systems plc from GBX 430 ($5.31) to GBX 460 ($5.68) and gave the stock an underweight rating in a research report on Friday, February 24th. Deutsche Bank AG reiterated a buy rating on shares of BAE Systems plc in a research report on Friday, February 10th. Finally, Societe Generale reiterated a buy rating and set a GBX 690 ($8.52) target price on shares of BAE Systems plc in a research report on Friday, February 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of GBX 644 ($7.95).
BAE Systems plc (LON:BA) traded up 0.39% during trading on Friday, reaching GBX 649.00. The company’s stock had a trading volume of 5,829,744 shares. The company’s 50-day moving average is GBX 616.11 and its 200-day moving average is GBX 582.15. The company’s market capitalization is GBX 20.60 billion. BAE Systems plc has a 1-year low of GBX 464.80 and a 1-year high of GBX 652.50.
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In other news, insider Charles Woodburn purchased 46,569 shares of the company’s stock in a transaction on Friday, February 24th. The stock was bought at an average cost of GBX 610 ($7.53) per share, for a total transaction of £284,070.90 ($350,834.75). Also, insider Alan Garwood sold 11,500 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of GBX 637 ($7.87), for a total value of £73,255 ($90,471.78). Insiders have acquired 46,642 shares of company stock valued at $28,452,272 over the last 90 days.
BAE Systems plc Company Profile
BAE Systems plc is a defense, aerospace and security company. Its segments include Electronic Systems, which consist of the Company’s United States and United Kingdom-based electronics activities; Cyber & Intelligence, which consists of its United States-based Intelligence & Security business and the United Kingdom-headquartered applied intelligence business; Platforms & Services (US), which produces combat vehicles, weapons and munitions; Platforms & Services (UK), which consist of its United Kingdom-based air, maritime, combat vehicle, munitions and shared services activities; Platforms & Services (International), which consist of the Company’s businesses in Saudi Arabia, Australia and Oman, together with its interest in the MBDA joint venture, and HQ, which comprises the Company’s head office activities, together with approximately 49% interest in Air Astana.
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