JPMorgan Chase & Co. reaffirmed their overweight rating on shares of BAE Systems (LON:BA – Free Report) in a research report report published on Tuesday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a GBX 1,500 ($18.97) price target on the stock.
BA has been the subject of a number of other research reports. Citigroup initiated coverage on BAE Systems in a research note on Friday, March 8th. They issued a neutral rating and a GBX 1,400 ($17.71) price target for the company. Deutsche Bank Aktiengesellschaft boosted their price target on BAE Systems from GBX 1,290 ($16.32) to GBX 1,440 ($18.21) and gave the company a buy rating in a research note on Friday, April 12th. Finally, Barclays boosted their price target on BAE Systems from GBX 1,250 ($15.81) to GBX 1,450 ($18.34) and gave the company an overweight rating in a research note on Tuesday, March 12th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of GBX 1,402 ($17.73).
Read Our Latest Stock Report on BAE Systems
BAE Systems Stock Performance
Insider Buying and Selling at BAE Systems
In other news, insider Charles Woodburn sold 485,694 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of GBX 1,389 ($17.57), for a total transaction of £6,746,289.66 ($8,533,126.31). Over the last three months, insiders have acquired 34 shares of company stock valued at $45,719. 0.36% of the stock is currently owned by company insiders.
BAE Systems Company Profile
BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.
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