Philip Bramwell Purchases 25 Shares of BAE Systems (BA) Stock

BAE Systems (LON:BA) insider Philip Bramwell bought 25 shares of the company’s stock in a transaction that occurred on Monday, April 16th. The stock was purchased at an average price of GBX 599 ($8.58) per share, for a total transaction of £149.75 ($214.42).

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

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  • On Wednesday, March 14th, Philip Bramwell bought 26 shares of BAE Systems stock. The stock was purchased at an average price of GBX 579 ($8.29) per share, for a total transaction of £150.54 ($215.55).
  • On Wednesday, February 14th, Philip Bramwell bought 26 shares of BAE Systems stock. The stock was purchased at an average price of GBX 572 ($8.19) per share, for a total transaction of £148.72 ($212.94).

BA traded down GBX 0.20 ($0.00) during midday trading on Wednesday, hitting GBX 600.80 ($8.60). The company had a trading volume of 2,916,877 shares, compared to its average volume of 9,870,000. BAE Systems has a 52 week low of GBX 533.50 ($7.64) and a 52 week high of GBX 682.50 ($9.77).

The business also recently declared a dividend, which will be paid on Friday, June 1st. Shareholders of record on Thursday, April 19th will be paid a GBX 13 ($0.19) dividend. This is an increase from BAE Systems’s previous dividend of $8.80. This represents a yield of 2.3%. The ex-dividend date is Thursday, April 19th.

BA has been the topic of several recent analyst reports. JPMorgan Chase lowered shares of BAE Systems to an “underweight” rating and dropped their target price for the company from GBX 555 ($7.95) to GBX 550 ($7.88) in a report on Friday, February 23rd. Goldman Sachs restated a “conviction-buy” rating and issued a GBX 737 ($10.55) target price on shares of BAE Systems in a report on Monday, March 26th. Kepler Capital Markets restated a “buy” rating and issued a GBX 700 ($10.02) target price on shares of BAE Systems in a report on Friday, February 16th. Beaufort Securities restated a “buy” rating and issued a GBX 685 ($9.81) target price on shares of BAE Systems in a report on Thursday, February 22nd. Finally, Credit Suisse Group boosted their target price on shares of BAE Systems from GBX 605 ($8.66) to GBX 610 ($8.73) and gave the company a “neutral” rating in a report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 641.25 ($9.18).

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

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