BAE Systems plc (LON:BA)’s share price fell 0.3% during mid-day trading on Monday . The stock traded as low as GBX 596.50 ($7.70) and last traded at GBX 597.50 ($7.72). 3,261,934 shares were traded during trading, a decline of 58% from the average session volume of 7,691,260 shares. The stock had previously closed at GBX 599.50 ($7.74).
A number of equities analysts have weighed in on BA shares. UBS AG reaffirmed a “buy” rating and issued a GBX 730 ($9.43) target price on shares of BAE Systems plc in a research note on Wednesday, May 24th. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 460 ($5.94) target price on shares of BAE Systems plc in a research note on Friday, August 4th. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 720 ($9.30) target price on shares of BAE Systems plc in a research note on Tuesday, July 11th. J P Morgan Chase & Co dropped their target price on shares of BAE Systems plc from GBX 630 ($8.14) to GBX 610 ($7.88) and set a “neutral” rating for the company in a research note on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and issued a GBX 750 ($9.69) target price on shares of BAE Systems plc in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. BAE Systems plc has a consensus rating of “Buy” and a consensus target price of GBX 655.77 ($8.47).
The company has a 50 day moving average of GBX 595.45 and a 200 day moving average of GBX 630.11. The firm’s market capitalization is GBX 18.92 billion.
The company also recently announced a dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, October 19th will be given a dividend of GBX 8.80 ($0.11) per share. This represents a yield of 1.51%. The ex-dividend date is Thursday, October 19th.
In other news, insider Roger Carr bought 33,869 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was acquired at an average price of GBX 591 ($7.63) per share, with a total value of £200,165.79 ($258,511.93). Insiders have acquired a total of 33,920 shares of company stock valued at $20,047,010 in 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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