BAE Systems plc (BA) Stock Price Down 0.3%

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.

ILLEGAL ACTIVITY WARNING: This piece was reported by Markets Daily and is owned by of Markets Daily. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at

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.

Receive News & 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 companies with's FREE daily email newsletter.

Latest News

Leave a Reply