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.

TRADEMARK VIOLATION NOTICE: “BAE Systems plc (LON:BA) Lowered to Hold at Berenberg Bank” was originally reported by Marea Informative and is the sole property of of Marea Informative. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at

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.

Analyst Recommendations for BAE Systems plc (LON:BA)

Receive News & Stock Ratings for BAE Systems plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BAE Systems plc and related stocks with our FREE daily email newsletter.