BAE Systems plc (BA) Insider Buys £152.82 in Stock

BAE Systems plc (LON:BA) insider Philip Bramwell purchased 27 shares of the business’s stock in a transaction dated Monday, October 15th. The shares were acquired at an average cost of GBX 566 ($7.40) per share, for a total transaction of £152.82 ($199.69).

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

  • On Tuesday, August 14th, Philip Bramwell purchased 24 shares of BAE Systems stock. The shares were acquired at an average cost of GBX 631 ($8.25) per share, for a total transaction of £151.44 ($197.88).

Shares of LON:BA opened at GBX 545 ($7.12) on Friday. BAE Systems plc has a 12 month low of GBX 533.50 ($6.97) and a 12 month high of GBX 682.50 ($8.92).

The company also recently announced a dividend, which will be paid on Friday, November 30th. Investors of record on Thursday, October 18th will be issued a dividend of GBX 9 ($0.12) per share. The ex-dividend date is Thursday, October 18th. This represents a yield of 1.41%.

A number of equities research analysts have recently weighed in on BA shares. Deutsche Bank lifted their price target on BAE Systems from GBX 708 ($9.25) to GBX 720 ($9.41) and gave the company a “buy” rating in a report on Friday, September 28th. Citigroup reaffirmed a “buy” rating and set a GBX 750 ($9.80) price target on shares of BAE Systems in a report on Wednesday, September 19th. UBS Group reaffirmed a “buy” rating and set a GBX 720 ($9.41) price target on shares of BAE Systems in a report on Wednesday, August 1st. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 615 ($8.04) price target on shares of BAE Systems in a report on Friday, July 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of BAE Systems in a report on Wednesday, September 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 689.73 ($9.01).

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, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.

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