Shares of BAE Systems plc (LON:BA) fell 0.3% during mid-day trading on Tuesday . The stock traded as low as GBX 610 ($8.02) and last traded at GBX 616.50 ($8.11). 7,759,584 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 9,220,440 shares. The stock had previously closed at GBX 618.50 ($8.13).
Several research firms have issued reports on BA. Berenberg Bank lowered BAE Systems plc to a “hold” rating and dropped their price objective for the company from GBX 700 ($9.20) to GBX 600 ($7.89) in a research note on Tuesday, October 3rd. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 610 ($8.02) price objective on shares of BAE Systems plc in a research note on Wednesday, September 20th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and issued a GBX 750 ($9.86) price objective on shares of BAE Systems plc in a research note on Monday, September 18th. Kepler Capital Markets restated a “buy” rating and issued a GBX 700 ($9.20) price objective on shares of BAE Systems plc in a research note on Monday, September 18th. Finally, Deutsche Bank AG upped their price objective on BAE Systems plc from GBX 645 ($8.48) to GBX 670 ($8.81) and gave the company a “buy” rating in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. BAE Systems plc has an average rating of “Buy” and a consensus target price of GBX 648.08 ($8.52).
The company’s market cap is GBX 19.60 billion. The stock has a 50 day moving average price of GBX 610.49 and a 200 day moving average price of GBX 627.28.
The firm also recently announced a dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, October 19th will be issued a dividend of GBX 8.80 ($0.12) per share. The ex-dividend date of this dividend is Thursday, October 19th. This represents a yield of 1.51%.
In other BAE Systems plc news, insider Roger Carr bought 33,869 shares of the stock in a transaction on Thursday, August 3rd. The shares were acquired at an average price of GBX 591 ($7.77) per share, with a total value of £200,165.79 ($263,168.28). Insiders have acquired a total of 33,945 shares of company stock worth $20,061,785 in the last three months.
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BAE Systems plc Company Profile
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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