BAE Systems plc (LON:BA) had its target price raised by analysts at JPMorgan Chase & Co. from GBX 625 ($8.16) to GBX 655 ($8.55) in a research note issued on Monday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 21.45% from the stock’s current price.
Other analysts have also recently issued research reports about the stock. Berenberg Bank cut shares of BAE Systems plc to a “hold” rating and decreased their target price for the stock from GBX 570 ($7.44) to GBX 520 ($6.79) in a research note on Thursday, June 23rd. Goldman Sachs Group Inc. decreased their target price on shares of BAE Systems plc from GBX 605 ($7.90) to GBX 599 ($7.82) and set a “buy” rating on the stock in a research note on Monday, June 27th. Jefferies Group reaffirmed a “buy” rating and set a GBX 600 ($7.83) target price on shares of BAE Systems plc in a research note on Friday, September 16th. Beaufort Securities reaffirmed a “buy” rating on shares of BAE Systems plc in a research note on Friday, July 29th. Finally, Barclays PLC boosted their target price on shares of BAE Systems plc from GBX 410 ($5.35) to GBX 430 ($5.61) and gave the stock an “underweight” rating in a research note on Friday, July 29th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. BAE Systems plc presently has an average rating of “Buy” and an average target price of GBX 558.56 ($7.29).
BAE Systems plc (LON:BA) opened at 543.50 on Monday. The firm’s market cap is GBX 17.22 billion. The stock has a 50 day moving average price of GBX 537.33 and a 200-day moving average price of GBX 512.81. BAE Systems plc has a 1-year low of GBX 433.00 and a 1-year high of GBX 557.53.
In other BAE Systems plc news, insider Charles Woodburn bought 26,498 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The stock was bought at an average cost of GBX 536 ($7.00) per share, with a total value of £142,029.28 ($185,392.61).