BAE Systems plc’s (BA) Buy Rating Reiterated at Citigroup Inc.

BAE Systems plc (LON:BA)‘s stock had its “buy” rating reissued by equities researchers at Citigroup Inc. in a research note issued to investors on Wednesday. They currently have a GBX 720 ($9.47) price objective on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 16.79% from the stock’s current price.

BA has been the topic of a number of other reports. Deutsche Bank AG reissued a “buy” rating and set a GBX 645 ($8.48) price target on shares of BAE Systems plc in a report on Thursday, June 15th. Barclays PLC reissued an “underweight” rating and set a GBX 460 ($6.05) price target on shares of BAE Systems plc in a report on Friday, August 4th. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 630 ($8.28) price target on shares of BAE Systems plc in a report on Monday, July 24th. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and set a GBX 750 ($9.86) price target on shares of BAE Systems plc in a report on Thursday, August 24th. Finally, Kepler Capital Markets reissued a “buy” rating and set a GBX 700 ($9.20) price target on shares of BAE Systems plc in a report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 648.08 ($8.52).

BAE Systems plc (BA) opened at 616.50 on Wednesday. The company’s market capitalization is GBX 19.60 billion. BAE Systems plc has a 52 week low of GBX 526.92 and a 52 week high of GBX 682.50. The firm has a 50-day moving average price of GBX 611.17 and a 200-day moving average price of GBX 627.10.

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In other news, insider Roger Carr bought 33,869 shares of BAE Systems plc stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average cost of GBX 591 ($7.77) per share, with a total value of £200,165.79 ($263,168.28). Insiders bought 33,945 shares of company stock worth $20,061,785 over the last ninety days.

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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