BAE Systems plc (BA) Trading Down 0.3%

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.

COPYRIGHT VIOLATION WARNING: This article was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://sportsperspectives.com/2017/09/13/bae-systems-plc-ba-trading-down-0-3.html.

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.

Receive News & Ratings for BAE Systems plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BAE Systems plc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply