Insider Buying: BAE Systems plc (LON:BA) Insider Acquires £153.25 in Stock

BAE Systems plc (LON:BA) insider Philip Bramwell acquired 25 shares of the stock in a transaction that occurred on Friday, July 14th. The shares were acquired at an average cost of GBX 613 ($8.00) per share, with a total value of £153.25 ($200.12).

Shares of BAE Systems plc (LON:BA) traded up 0.33% during mid-day trading on Thursday, hitting GBX 613.00. 4,274,453 shares of the stock were exchanged. BAE Systems plc has a 1-year low of GBX 515.00 and a 1-year high of GBX 682.34. The company’s 50-day moving average is GBX 646.46 and its 200-day moving average is GBX 631.20. The firm’s market cap is GBX 19.46 billion.

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A number of brokerages recently weighed in on BA. UBS AG reaffirmed a “buy” rating and set a GBX 730 ($9.53) price objective on shares of BAE Systems plc in a research report on Wednesday, May 24th. Credit Suisse Group reissued a “neutral” rating and set a GBX 610 ($7.97) target price on shares of BAE Systems plc in a research note on Tuesday, July 11th. Citigroup Inc. reissued a “buy” rating and set a GBX 720 ($9.40) target price on shares of BAE Systems plc in a research note on Tuesday, July 11th. Barclays PLC reissued an “underweight” rating on shares of BAE Systems plc in a research note on Tuesday. Finally, J P Morgan Chase & Co reduced their target price on shares of BAE Systems plc from GBX 660 ($8.62) to GBX 630 ($8.23) and set a “neutral” rating for the company in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. BAE Systems plc has an average rating of “Buy” and a consensus price target of GBX 656.38 ($8.57).

About BAE Systems plc

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.

Insider Buying and Selling by Quarter for BAE Systems plc (LON:BA)

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