BAE Systems plc (LON:BA) Lowered to Hold at Berenberg Bank
Berenberg Bank lowered shares of BAE Systems plc (LON:BA) to a hold rating in a report released on Tuesday, October 3rd. Berenberg Bank currently has GBX 600 ($7.89) price target on the stock, down from their prior price target of GBX 700 ($9.20).
Several other research firms have also commented on BA. J P Morgan Chase & Co restated a neutral rating and set a GBX 610 ($8.02) price target on shares of BAE Systems plc in a research report on Wednesday, September 20th. Goldman Sachs Group, Inc. (The) restated a conviction-buy rating and set a GBX 750 ($9.86) price target on shares of BAE Systems plc in a research report on Monday, September 18th. Kepler Capital Markets reiterated a buy rating and issued a GBX 700 ($9.20) target price on shares of BAE Systems plc in a research report on Monday, September 18th. Deutsche Bank AG increased their target price on shares of BAE Systems plc from GBX 645 ($8.48) to GBX 670 ($8.81) and gave the company a buy rating in a research report on Thursday, August 31st. Finally, Barclays PLC reiterated an underweight rating and issued a GBX 460 ($6.05) target price on shares of BAE Systems plc in a research report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. BAE Systems plc presently has a consensus rating of Buy and an average price target of GBX 648.08 ($8.52).
Shares of BAE Systems plc (BA) traded down 0.41% on Tuesday, reaching GBX 613.50. 4,307,488 shares of the company’s stock traded hands. BAE Systems plc has a 52 week low of GBX 526.91 and a 52 week high of GBX 682.34. The stock’s market capitalization is GBX 19.50 billion. The company has a 50 day moving average of GBX 612.41 and a 200-day moving average of GBX 626.84.
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The company also recently disclosed a dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, October 19th will be paid a dividend of GBX 8.80 ($0.12) per share. This represents a yield of 1.51%. The ex-dividend date of this dividend is Thursday, October 19th.
In other news, insider Roger Carr acquired 33,869 shares of BAE Systems plc stock in a transaction on Thursday, August 3rd. The stock was bought at an average cost of GBX 591 ($7.77) per share, with a total value of £200,165.79 ($263,168.28). Insiders have acquired 33,920 shares of company stock valued at $20,046,460 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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