Kepler Capital Markets Reaffirms Buy Rating for BAE Systems plc (BA)

BAE Systems plc (LON:BA)‘s stock had its “buy” rating reissued by equities researchers at Kepler Capital Markets in a report released on Monday, September 18th. They currently have a GBX 700 ($9.44) price target on the stock. Kepler Capital Markets’ price objective would suggest a potential upside of 10.76% from the company’s current price.

A number of other brokerages also recently commented on BA. UBS AG reiterated a “buy” rating and issued a GBX 730 ($9.84) price objective on shares of BAE Systems plc in a research report on Wednesday, May 24th. Barclays PLC reiterated an “underweight” rating and issued a GBX 460 ($6.20) price objective on shares of BAE Systems plc in a research report on Friday, August 4th. Citigroup Inc. reiterated a “buy” rating and issued a GBX 720 ($9.71) price objective on shares of BAE Systems plc in a research report on Tuesday, July 11th. J P Morgan Chase & Co reduced their price objective on BAE Systems plc from GBX 630 ($8.49) to GBX 610 ($8.22) and set a “neutral” rating for the company in a research report on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) raised their price objective on BAE Systems plc from GBX 697 ($9.40) to GBX 763 ($10.29) and gave the stock a “buy” rating in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 655.77 ($8.84).

Shares of BAE Systems plc (LON:BA) opened at 632.50 on Monday. BAE Systems plc has a 12 month low of GBX 516.48 and a 12 month high of GBX 682.50. The firm’s market cap is GBX 20.11 billion. The stock’s 50 day moving average is GBX 595.58 and its 200 day moving average is GBX 629.23.

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In other BAE Systems plc news, insider Roger Carr purchased 33,869 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average cost of GBX 591 ($7.97) per share, with a total value of £200,165.79 ($269,874.33). Insiders have purchased a total of 33,945 shares of company stock valued at $20,061,785 over the last ninety days.

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.

Analyst Recommendations for BAE Systems plc (LON:BA)

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