BAE Systems plc (BA) Shares Down 1.9%

BAE Systems plc (LON:BA) shares fell 1.9% during mid-day trading on Wednesday . The company traded as low as GBX 581 ($7.67) and last traded at GBX 582 ($7.68). 12,432,551 shares traded hands during mid-day trading, an increase of 36% from the average session volume of 9,137,520 shares. The stock had previously closed at GBX 593.50 ($7.83).

A number of brokerages have issued reports on BA. Kepler Capital Markets restated a “buy” rating and issued a GBX 700 ($9.24) price objective on shares of BAE Systems plc in a research note on Monday, September 18th. Barclays PLC restated an “underweight” rating and issued a GBX 460 ($6.07) price objective on shares of BAE Systems plc in a research note on Friday, August 4th. Citigroup Inc. restated a “buy” rating and issued a GBX 720 ($9.50) price objective on shares of BAE Systems plc in a research note on Tuesday, July 11th. J P Morgan Chase & Co reduced their price objective on BAE Systems plc from GBX 630 ($8.31) to GBX 610 ($8.05) and set a “neutral” rating for the company in a research note on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and issued a GBX 750 ($9.90) price objective on shares of BAE Systems plc in a research note on Thursday, August 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of GBX 648.08 ($8.55).

In other news, insider Roger Carr acquired 33,869 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average price of GBX 591 ($7.80) per share, with a total value of £200,165.79 ($264,140.66). Insiders purchased 33,944 shares of company stock valued at $20,061,124 in the last ninety days.

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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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