BAE Systems (BA) Reaches New 1-Year Low at $521.20

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Shares of BAE Systems plc (LON:BA) hit a new 52-week low during trading on Monday . The company traded as low as GBX 521.20 ($6.81) and last traded at GBX 521.60 ($6.82), with a volume of 7215083 shares changing hands. The stock had previously closed at GBX 532 ($6.95).

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

In related news, insider Alan Garwood sold 10,350 shares of the company’s stock in a transaction dated Friday, September 21st. The stock was sold at an average price of GBX 626 ($8.18), for a total transaction of £64,791 ($84,660.92). Also, insider Elizabeth Corley bought 9,000 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The shares were bought at an average price of GBX 634 ($8.28) per share, for a total transaction of £57,060 ($74,559.00). Insiders have purchased 9,075 shares of company stock worth $5,751,282 in the last quarter.

BAE Systems Company Profile (LON:BA)

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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