BAE Systems plc (BA) Shares Up 0.9%

BAE Systems plc (LON:BA) shot up 0.9% during trading on Monday . The stock traded as high as GBX 619 ($8.14) and last traded at GBX 618.50 ($8.13). 5,854,996 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 9,153,770 shares. The stock had previously closed at GBX 613 ($8.06).

Several research firms have recently commented on BA. Goldman Sachs Group, Inc. (The) raised their target price on shares of BAE Systems plc from GBX 697 ($9.16) to GBX 763 ($10.03) and gave the stock a “buy” rating in a research report on Tuesday, June 13th. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 720 ($9.47) target price on shares of BAE Systems plc in a research report on Tuesday, June 13th. J P Morgan Chase & Co dropped their target price on shares of BAE Systems plc from GBX 685 ($9.01) to GBX 660 ($8.68) and set a “neutral” rating for the company in a research report on Friday, June 23rd. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 645 ($8.48) target price on shares of BAE Systems plc in a research report on Thursday, June 15th. Finally, Berenberg Bank cut shares of BAE Systems plc to a “hold” rating and dropped their target price for the stock from GBX 700 ($9.20) to GBX 600 ($7.89) in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 648.08 ($8.52).

The stock has a 50-day moving average of GBX 610.32 and a 200 day moving average of GBX 627.53. The stock’s market capitalization is GBX 19.66 billion.

The company also recently declared a dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, October 19th will be given a dividend of GBX 8.80 ($0.12) per share. This represents a dividend yield of 1.51%. The ex-dividend date is Thursday, October 19th.

In other news, insider Roger Carr purchased 33,869 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was acquired at an average cost of GBX 591 ($7.77) per share, with a total

Several research firms have recently commented on BA. Goldman Sachs Group, Inc. (The) raised their target price on shares of BAE Systems plc from GBX 697 ($9.16) to GBX 763 ($10.03) and gave the stock a “buy” rating in a research report on Tuesday, June 13th. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 720 ($9.47) target price on shares of BAE Systems plc in a research report on Tuesday, June 13th. J P Morgan Chase & Co dropped their target price on shares of BAE Systems plc from GBX 685 ($9.01) to GBX 660 ($8.68) and set a “neutral” rating for the company in a research report on Friday, June 23rd. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 645 ($8.48) target price on shares of BAE Systems plc in a research report on Thursday, June 15th. Finally, Berenberg Bank cut shares of BAE Systems plc to a “hold” rating and dropped their target price for the stock from GBX 700 ($9.20) to GBX 600 ($7.89) in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 648.08 ($8.52).

The stock has a 50-day moving average of GBX 610.32 and a 200 day moving average of GBX 627.53. The stock’s market capitalization is GBX 19.66 billion.

The company also recently declared a dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, October 19th will be given a dividend of GBX 8.80 ($0.12) per share. This represents a dividend yield of 1.51%. The ex-dividend date is Thursday, October 19th.

In other news, insider Roger Carr purchased 33,869 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was acquired at an average cost of GBX 591 ($7.77) per share, with a total value of £200,165.79 ($263,168.28). Over the last three months, insiders have acquired 33,945 shares of company stock valued at $20,061,785.

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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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