Several other brokerages also recently commented on BA. Goldman Sachs Group, Inc. (The) upped their price objective on shares of BAE Systems plc from GBX 697 ($9.05) to GBX 763 ($9.91) and gave the company a buy rating in a research note on Tuesday, June 13th. Citigroup Inc. reiterated a buy rating and set a GBX 720 ($9.35) price target on shares of BAE Systems plc in a research report on Tuesday, June 13th. J P Morgan Chase & Co reduced their price target on shares of BAE Systems plc from GBX 685 ($8.89) to GBX 660 ($8.57) and set a neutral rating on the stock in a research report on Friday, June 23rd. Deutsche Bank AG restated a buy rating and issued a GBX 645 ($8.37) price objective on shares of BAE Systems plc in a report on Thursday, June 15th. Finally, UBS AG reiterated a buy rating and set a GBX 730 ($9.48) price target on shares of BAE Systems plc in a report on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of GBX 654.85 ($8.50).
BAE Systems plc (LON:BA) opened at 597.50 on Thursday. The firm has a 50-day moving average price of GBX 608.08 and a 200-day moving average price of GBX 630.34. The firm’s market capitalization is GBX 18.99 billion. BAE Systems plc has a 1-year low of GBX 516.48 and a 1-year high of GBX 682.50.
The business also recently announced a dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, October 19th will be paid 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%.
In other news, insider Peter Lynas sold 6,399 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of GBX 652 ($8.46), for a total value of £41,721.48 ($54,162.64). Also, insider Roger Carr purchased 33,869 shares of BAE Systems plc stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average price of GBX 591 ($7.67) per share, with a total value of £200,165.79 ($259,854.33). Insiders acquired a total of 33,939 shares of company stock valued at $20,059,550 over the last three months.
About BAE Systems plc
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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