BAE Systems plc (LON:BA – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 1,438 ($18.78).
Several research firms have recently weighed in on BA. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,500 ($19.59) price objective on shares of BAE Systems in a report on Thursday, July 25th. Shore Capital reiterated a “hold” rating on shares of BAE Systems in a research note on Thursday, August 1st. Citigroup upgraded BAE Systems to a “buy” rating and set a GBX 1,440 ($18.80) price target on the stock in a research note on Monday, July 29th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 1,360 ($17.76) price objective on shares of BAE Systems in a research report on Friday, September 6th.
View Our Latest Stock Analysis on BA
BAE Systems Stock Performance
BAE Systems Cuts Dividend
The business also recently announced a dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, October 24th will be issued a GBX 12.40 ($0.16) dividend. The ex-dividend date is Thursday, October 24th. This represents a yield of 0.96%. BAE Systems’s dividend payout ratio is currently 5,166.67%.
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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