Deutsche Bank Boosts BAE Systems (BA) Price Target to GBX 720

BAE Systems (LON:BA) had its price target raised by stock analysts at Deutsche Bank from GBX 708 ($9.22) to GBX 720 ($9.38) in a research report issued on Friday. The firm presently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 14.43% from the company’s previous close.

BA has been the subject of a number of other research reports. Morgan Stanley raised shares of BAE Systems to an “overweight” rating and increased their target price for the company from GBX 550 ($7.16) to GBX 750 ($9.77) in a research report on Monday, August 13th. UBS Group reissued a “buy” rating and set a GBX 720 ($9.38) target price on shares of BAE Systems in a research report on Wednesday, August 1st. Citigroup reissued a “buy” rating and set a GBX 750 ($9.77) target price on shares of BAE Systems in a research report on Wednesday, September 19th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 615 ($8.01) target price on shares of BAE Systems in a research report on Friday, July 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. BAE Systems has a consensus rating of “Buy” and an average price target of GBX 689.73 ($8.98).

Shares of BA opened at GBX 629.20 ($8.20) on Friday. BAE Systems has a fifty-two week low of GBX 533.50 ($6.95) and a fifty-two week high of GBX 682.50 ($8.89).

In other news, insider Alan Garwood sold 10,350 shares of the stock in a transaction on Friday, September 21st. The shares were sold at an average price of GBX 626 ($8.15), for a total value of £64,791 ($84,396.25). Also, insider Elizabeth Corley acquired 9,000 shares of the business’s stock in a transaction dated Thursday, August 2nd. The stock was acquired at an average price of GBX 634 ($8.26) per share, for a total transaction of £57,060 ($74,325.91). Insiders have acquired a total of 9,070 shares of company stock worth $5,750,828 in the last 90 days.

BAE Systems Company Profile

BAE Systems plc operates as a defense, aerospace, and security company worldwide. Its Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.

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