BAE Systems plc (LON:BA) shares shot up 0% on Wednesday . The company traded as high as GBX 563 ($7.58) and last traded at GBX 561 ($7.55). 7,323,100 shares were traded during trading, a decline of 20% from the average session volume of 9,120,000 shares. The stock had previously closed at GBX 561 ($7.55).
A number of research analysts have commented on BA shares. J P Morgan Chase & Co upped their price objective on BAE Systems from GBX 580 ($7.81) to GBX 595 ($8.01) and gave the company a “neutral” rating in a report on Monday. Citigroup reaffirmed a “buy” rating on shares of BAE Systems in a report on Friday, November 24th. Goldman Sachs Group reaffirmed a “conviction-buy” rating and issued a GBX 750 ($10.09) price objective on shares of BAE Systems in a report on Friday, November 24th. Jefferies Group reiterated a “hold” rating and set a GBX 615 ($8.28) target price on shares of BAE Systems in a research report on Thursday, November 23rd. Finally, Kepler Capital Markets reiterated a “buy” rating and set a GBX 700 ($9.42) target price on shares of BAE Systems in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 648.33 ($8.73).
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About BAE Systems
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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