Insider Buying: BAE Systems (BA) Insider Buys 26 Shares of Stock

BAE Systems (LON:BA) insider Philip Bramwell acquired 26 shares of the business’s stock in a transaction dated Wednesday, March 14th. The stock was acquired at an average cost of GBX 579 ($8.13) per share, for a total transaction of £150.54 ($211.31).

Philip Bramwell also recently made the following trade(s):

  • On Wednesday, February 14th, Philip Bramwell acquired 26 shares of BAE Systems stock. The stock was acquired at an average cost of GBX 572 ($8.03) per share, for a total transaction of £148.72 ($208.76).

Shares of BA traded up GBX 5 ($0.07) during trading hours on Friday, hitting GBX 601.80 ($8.45). The company had a trading volume of 8,303,078 shares, compared to its average volume of 9,870,000. BAE Systems has a 12 month low of GBX 533.50 ($7.49) and a 12 month high of GBX 682.50 ($9.58).

The business also recently disclosed a dividend, which will be paid on Friday, June 1st. Stockholders of record on Thursday, April 19th will be given a GBX 13 ($0.18) dividend. The ex-dividend date is Thursday, April 19th. This is a positive change from BAE Systems’s previous dividend of $8.80. This represents a dividend yield of 2.3%.

BA has been the topic of a number of research reports. Citigroup reissued a “buy” rating and issued a GBX 720 ($10.11) price objective on shares of BAE Systems in a research report on Monday, December 11th. Jefferies Group reaffirmed a “hold” rating and set a GBX 615 ($8.63) price target on shares of BAE Systems in a research report on Monday, December 11th. Goldman Sachs reaffirmed a “conviction-buy” rating and set a GBX 769 ($10.79) price target on shares of BAE Systems in a research report on Monday, February 12th. Kepler Capital Markets reaffirmed a “buy” rating and set a GBX 700 ($9.83) price target on shares of BAE Systems in a research report on Thursday, December 14th. Finally, JPMorgan Chase dropped their price target on shares of BAE Systems from GBX 595 ($8.35) to GBX 555 ($7.79) and set a “neutral” rating on the stock in a research report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 641.25 ($9.00).

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About BAE Systems

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, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.

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

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