Analysts Set BAE Systems (BA) PT at $641.64
Shares of BAE Systems (LON:BA) have earned a consensus recommendation of “Buy” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 641.64 ($8.95).
BA has been the subject of several research reports. Credit Suisse Group increased their target price on BAE Systems from GBX 605 ($8.44) to GBX 610 ($8.51) and gave the stock a “neutral” rating in a research report on Tuesday, January 2nd. JPMorgan Chase decreased their target price on BAE Systems from GBX 595 ($8.30) to GBX 555 ($7.74) and set a “neutral” rating for the company in a research report on Friday, January 5th. Deutsche Bank reissued a “buy” rating and issued a GBX 730 ($10.18) target price on shares of BAE Systems in a research report on Wednesday, February 7th. Goldman Sachs reissued a “conviction-buy” rating and issued a GBX 769 ($10.73) target price on shares of BAE Systems in a research report on Monday, February 12th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a GBX 550 ($7.67) target price on shares of BAE Systems in a research report on Thursday, February 15th.
In related news, insider Peter Lynas sold 10,525 shares of the firm’s stock in a transaction that occurred on Thursday, April 12th. The stock was sold at an average price of GBX 591 ($8.24), for a total transaction of £62,202.75 ($86,754.18). In the last ninety days, insiders have purchased 77 shares of company stock valued at $44,901.
The business also recently disclosed a dividend, which will be paid on Friday, June 1st. Investors of record on Thursday, April 19th will be given a dividend of GBX 13 ($0.18) per share. This represents a yield of 2.3%. The ex-dividend date is Thursday, April 19th. This is a positive change from BAE Systems’s previous dividend of $8.80.
About BAE Systems
BAE Systems plc operates as a defense, aerospace, and security company worldwide. Its Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.
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