BAE Systems plc (BA) Rating Reiterated by Beaufort Securities

Beaufort Securities reaffirmed their buy rating on shares of BAE Systems plc (LON:BA) in a report released on Thursday, May 11th.

BA has been the topic of a number of other research reports. J P Morgan Chase & Co reiterated an overweight rating and set a GBX 685 ($8.67) price target on shares of BAE Systems plc in a research report on Friday, April 21st. Berenberg Bank increased their price target on BAE Systems plc from GBX 580 ($7.34) to GBX 700 ($8.86) and gave the stock a buy rating in a research report on Friday, March 10th. Barclays PLC reiterated an underweight rating and set a GBX 460 ($5.82) price target on shares of BAE Systems plc in a research report on Monday, March 20th. Jefferies Group LLC reiterated a hold rating and set a GBX 600 ($7.59) price target on shares of BAE Systems plc in a research report on Friday, March 17th. Finally, BNP Paribas increased their price target on BAE Systems plc from GBX 565 ($7.15) to GBX 645 ($8.16) and gave the stock an outperform rating in a research report on Monday, January 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. BAE Systems plc currently has an average rating of Buy and an average price target of GBX 658.91 ($8.34).

BAE Systems plc (BA) opened at 673.00 on Thursday. The company’s market cap is GBX 21.37 billion. BAE Systems plc has a 1-year low of GBX 464.80 and a 1-year high of GBX 678.50. The stock has a 50 day moving average price of GBX 652.00 and a 200 day moving average price of GBX 624.48.

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In related news, insider Lynn C. Minella sold 52,558 shares of the stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of GBX 653 ($8.26), for a total value of £343,203.74 ($434,160.33). Also, insider Alan Garwood sold 21,796 shares of the stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of GBX 645 ($8.16), for a total value of £140,584.20 ($177,842.13). Over the last quarter, insiders purchased 66 shares of company stock valued at $42,526 and sold 111,080 shares valued at $72,023,481.

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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