BAE Systems plc (BA) PT Lowered to GBX 645 at Deutsche Bank AG

BAE Systems plc (LON:BA) had its price objective trimmed by Deutsche Bank AG from GBX 665 ($8.41) to GBX 645 ($8.16) in a research report released on Thursday, May 18th. The brokerage currently has a buy rating on the stock.

BA has been the topic of a number of other research reports. BNP Paribas reiterated an outperform rating and set a GBX 640 ($8.10) target price on shares of BAE Systems plc in a report on Friday, February 24th. Beaufort Securities reiterated a buy rating on shares of BAE Systems plc in a report on Thursday, May 11th. Jefferies Group LLC reiterated a hold rating and set a GBX 600 ($7.59) target price on shares of BAE Systems plc in a report on Friday, March 17th. Citigroup Inc. reiterated a buy rating and set a GBX 720 ($9.11) target price on shares of BAE Systems plc in a report on Thursday, March 30th. Finally, Societe Generale reiterated a buy rating and set a GBX 690 ($8.73) target price on shares of BAE Systems plc in a report on Friday, February 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of GBX 658.91 ($8.34).

Shares of BAE Systems plc (LON BA) opened at 673.00 on Thursday. BAE Systems plc has a one year low of GBX 464.80 and a one year high of GBX 678.50. The stock’s market capitalization is GBX 21.37 billion. The stock’s 50 day moving average price is GBX 652.00 and its 200 day moving average price is GBX 624.48.

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In other BAE Systems plc news, insider Peter Lynas sold 6,399 shares of BAE Systems plc stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of GBX 652 ($8.25), for a total value of £41,721.48 ($52,778.60). Also, insider Philip Bramwell sold 5,000 shares of BAE Systems plc stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of GBX 641 ($8.11), for a total value of £32,050 ($40,543.96). Over the last ninety days, insiders have bought 66 shares of company stock worth $42,526 and have sold 111,080 shares worth $72,023,481.

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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