BAE Systems (LON:BA) insider Charles Woodburn acquired 24 shares of the stock in a transaction on Monday, May 14th. The shares were purchased at an average cost of GBX 633 ($8.59) per share, with a total value of £151.92 ($206.08).
Shares of BAE Systems traded up GBX 18.60 ($0.25), hitting GBX 636.60 ($8.64), during trading hours on Tuesday, according to Marketbeat.com. The company had a trading volume of 2,742,221 shares, compared to its average volume of 9,870,000. BAE Systems has a 52-week low of GBX 533.50 ($7.24) and a 52-week high of GBX 682.50 ($9.26).
The business also recently declared 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. This represents a dividend yield of 2.3%. The ex-dividend date is Thursday, April 19th. This is a positive change from BAE Systems’s previous dividend of $8.80.
Several equities analysts have commented on BA shares. Citigroup reissued a “buy” rating and set a GBX 720 ($9.77) price objective on shares of BAE Systems in a research report on Friday, February 23rd. Deutsche Bank reissued a “buy” rating and set a GBX 730 ($9.90) price objective on shares of BAE Systems in a research report on Wednesday, February 7th. JPMorgan Chase lowered BAE Systems to an “underweight” rating and lowered their price objective for the company from GBX 555 ($7.53) to GBX 550 ($7.46) in a research report on Friday, February 23rd. Goldman Sachs reaffirmed a “conviction-buy” rating on shares of BAE Systems in a research report on Friday, April 6th. Finally, Kepler Capital Markets reaffirmed a “buy” rating and issued a GBX 700 ($9.50) price target on shares of BAE Systems in a research report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. BAE Systems presently has an average rating of “Buy” and a consensus target price of GBX 649.58 ($8.81).
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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