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

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

BAE Systems plc (LON:BA)‘s stock had its “buy” rating reiterated by investment analysts at Beaufort Securities in a note issued to investors on Friday.

Several other equities research analysts also recently issued reports on BA. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 605 ($7.90) price objective on shares of BAE Systems plc in a research report on Wednesday, June 15th. Berenberg Bank downgraded shares of BAE Systems plc to a “hold” rating and lowered their price objective for the stock from GBX 570 ($7.44) to GBX 520 ($6.79) in a research report on Thursday, June 23rd. Deutsche Bank AG reissued a “hold” rating on shares of BAE Systems plc in a research report on Friday, June 24th. Goldman Sachs Group Inc. lowered their price objective on shares of BAE Systems plc from GBX 605 ($7.90) to GBX 599 ($7.82) and set a “buy” rating for the company in a research report on Monday, June 27th. Finally, BNP Paribas reissued an “outperform” rating and set a GBX 541 ($7.06) price objective on shares of BAE Systems plc in a research report on Monday, June 27th. Two investment 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 company currently has an average rating of “Buy” and a consensus price target of GBX 556.69 ($7.27).

BAE Systems plc (LON:BA) opened at 537.00 on Friday. The stock’s 50 day moving average is GBX 536.83 and its 200 day moving average is GBX 512.62. BAE Systems plc has a 12-month low of GBX 433.00 and a 12-month high of GBX 557.53. The company’s market cap is GBX 17.01 billion.

In related news, insider Charles Woodburn bought 26,498 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was bought at an average price of GBX 536 ($7.00) per share, for a total transaction of £142,029.28 ($185,392.61).

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