BAE Systems plc (BA) Given “Underweight” Rating at Barclays
Barclays reissued their underweight rating on shares of BAE Systems plc (LON:BA) in a research report sent to investors on Friday, Market Beat reports. The brokerage currently has a GBX 410 ($5.90) price target on the stock.
BA has been the subject of a number of other research reports. Raymond James reiterated an underperform rating and set a GBX 390 ($5.61) price objective on shares of BAE Systems plc in a research report on Thursday, October 15th. Goldman Sachs lifted their price objective on BAE Systems plc from GBX 611 ($8.79) to GBX 659 ($9.48) and gave the stock a buy rating in a research report on Tuesday, January 26th. Sanford C. Bernstein reiterated an outperform rating and set a GBX 545 ($7.84) price objective on shares of BAE Systems plc in a research report on Tuesday, December 1st. Deutsche Bank reiterated a hold rating and set a GBX 485 ($6.98) price objective on shares of BAE Systems plc in a research report on Thursday, October 15th. Finally, RBC Capital restated an outperform rating and issued a GBX 540 ($7.77) price target on shares of BAE Systems plc in a report on Friday, October 23rd. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 547.78 ($7.88).
In other BAE Systems plc news, insider Carr,Roger bought 41,978 shares of the business’s stock in a transaction on Wednesday, November 18th. The shares were bought at an average cost of GBX 473 ($6.80) per share, with a total value of £198,555.94 ($285,650.90).
BAE Systems plc (LON:BA) traded down 1.3566% on Friday, reaching GBX 509.0000. 6,903,654 shares of the company’s stock were exchanged. BAE Systems plc has a 1-year low of GBX 419.30 and a 1-year high of GBX 549.00. The company has a 50 day moving average price of GBX 502.23 and a 200-day moving average price of GBX 471.85. The company’s market capitalization is GBX 16.07 billion.
BAE Systems plc is a defense, aerospace and security company. The Company operates in five segments: Electronic Systems, which consists of the Company’s United States and United Kingdom-based electronics activities; Cyber & Intelligence, which comprises of its United States-based Intelligence & Security business and United Kingdom-headquartered Applied Intelligence business, and covers the Company’s cyber, secure government, and commercial and financial security activities; Platforms & Services (LON:BA), which comprises its United States-headquartered Land & Armaments business, and the United States-based services and sustainment activities; Platforms & Services (United Kingdom), which comprises its United Kingdom -based air, maritime, combat vehicle, munitions and shared services activities, and Platforms & Services (International), which comprises the Company’s businesses in Saudi Arabia, Australia and Oman, together with its 37.5% interest in the MBDA joint venture.
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