Citigroup upgraded shares of BAE Systems (LON:BA – Free Report) to a buy rating in a research note published on Monday, MarketBeat Ratings reports. They currently have GBX 1,440 ($18.52) price target on the stock.
Several other equities analysts also recently issued reports on BA. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BAE Systems from GBX 1,290 ($16.59) to GBX 1,440 ($18.52) and gave the company a buy rating in a research note on Friday, April 12th. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 1,500 ($19.30) price objective on shares of BAE Systems in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of GBX 1,410 ($18.14).
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BAE Systems Stock Down 0.9 %
BAE Systems Cuts Dividend
The firm also recently declared a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, October 24th will be given a GBX 12.40 ($0.16) dividend. The ex-dividend date is Thursday, October 24th. This represents a dividend yield of 0.96%. BAE Systems’s payout ratio is currently 5,000.00%.
Insider Buying and Selling
In other BAE Systems news, insider Charles Woodburn sold 485,694 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of GBX 1,389 ($17.87), for a total transaction of £6,746,289.66 ($8,678,016.03). Insiders have bought a total of 35 shares of company stock valued at $46,394 in the last quarter. Company insiders own 0.36% of the company’s stock.
BAE Systems Company Profile
BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.
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