BAE Systems plc (BA) Given “Neutral” Rating at J P Morgan Chase & Co

BAE Systems plc (LON:BA)‘s stock had its “neutral” rating restated by investment analysts at J P Morgan Chase & Co in a note issued to investors on Monday, July 24th. They currently have a GBX 630 ($8.18) target price on the stock. J P Morgan Chase & Co’s price objective suggests a potential upside of 7.97% from the company’s previous close.

Several other research analysts also recently weighed in on BA. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 720 ($9.35) target price on shares of BAE Systems plc in a research note on Thursday, March 30th. Jefferies Group LLC reissued a “hold” rating and issued a GBX 600 ($7.79) price objective on shares of BAE Systems plc in a research note on Wednesday, April 5th. Deutsche Bank AG increased their price objective on BAE Systems plc from GBX 650 ($8.44) to GBX 665 ($8.63) and gave the company a “buy” rating in a research note on Monday, April 24th. Beaufort Securities restated a “buy” rating on shares of BAE Systems plc in a report on Thursday, May 11th. Finally, UBS AG restated a “buy” rating and issued a GBX 730 ($9.48) target price on shares of BAE Systems plc in a report on Wednesday, May 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. BAE Systems plc currently has an average rating of “Buy” and a consensus price target of GBX 654.85 ($8.50).

BAE Systems plc (LON BA) traded down 1.35% during trading on Monday, hitting GBX 583.50. 5,537,775 shares of the stock traded hands. BAE Systems plc has a 12 month low of GBX 516.48 and a 12 month high of GBX 682.34. The company has a 50-day moving average price of GBX 605.09 and a 200-day moving average price of GBX 629.75. The stock’s market cap is GBX 18.55 billion.

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In other BAE Systems plc news, insider Peter Lynas sold 6,399 shares of BAE Systems plc stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of GBX 652 ($8.46), for a total value of £41,721.48 ($54,162.64). Also, insider Roger Carr bought 33,869 shares of the stock in a transaction on Thursday, August 3rd. The stock was bought at an average price of GBX 591 ($7.67) per share, for a total transaction of £200,165.79 ($259,854.33). Insiders have purchased a total of 33,939 shares of company stock worth $20,059,550 in the last 90 days.

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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