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.
ILLEGAL ACTIVITY NOTICE: “BAE Systems plc (BA) Shares Down 1.9%” was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://sportsperspectives.com/2017/11/01/bae-systems-plc-ba-shares-down-1-9.html.
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.
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.