The Beaufort Securities Reaffirms Buy Rating for BAE Systems plc (BA)

The Beaufort Securities Reaffirms Buy Rating for BAE Systems plc (BA)

Beaufort Securities reissued their buy rating on shares of BAE Systems plc (LON:BA) in a research note published on Friday.

A number of other brokerages also recently commented on BA. Jefferies Group reissued a buy rating and issued a GBX 600 ($7.43) price objective on shares of BAE Systems plc in a research report on Friday, September 16th. Goldman Sachs Group Inc. increased their price objective on shares of BAE Systems plc from GBX 653 ($8.08) to GBX 671 ($8.30) and gave the company a conviction-buy rating in a research report on Monday, September 5th. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 625 ($7.74) price objective on shares of BAE Systems plc in a research report on Wednesday, September 14th. Barclays PLC restated an underweight rating and issued a GBX 430 ($5.32) target price on shares of BAE Systems plc in a report on Wednesday, September 21st. Finally, BNP Paribas upped their target price on shares of BAE Systems plc from GBX 541 ($6.70) to GBX 565 ($6.99) and gave the company an outperform rating in a report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of GBX 558.56 ($6.91).

BAE Systems plc (LON:BA) opened at 541.00 on Friday. BAE Systems plc has a 12-month low of GBX 433.00 and a 12-month high of GBX 557.53. The stock’s market cap is GBX 17.14 billion. The firm has a 50-day moving average of GBX 538.65 and a 200-day moving average of GBX 513.83.

In related news, insider Charles Woodburn purchased 26,498 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was acquired at an average price of GBX 536 ($6.63) per share, for a total transaction of £142,029.28 ($175,778.81).

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