Jefferies analyst Chloe Lemaire maintained a Buy rating on BAE Systems (BAESF – Research Report) yesterday and set a price target of p1,150.00. The company’s shares closed last Friday at $13.94.
According to TipRanks, Lemaire is a 5-star analyst with an average return of 22.9% and a 77.42% success rate. Lemaire covers the Industrials sector, focusing on stocks such as Airbus Group SE, BAE Systems, and Rolls-Royce Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for BAE Systems with a $15.71 average price target, representing a 12.70% upside. In a report released on December 20, Berenberg Bank also maintained a Buy rating on the stock with a £12.20 price target.
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The company has a one-year high of $14.13 and a one-year low of $9.85. Currently, BAE Systems has an average volume of 10.1K.
Based on the recent corporate insider activity of 117 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BAESF in relation to earlier this year.
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BAE Systems (BAESF) Company Description:
BAE Systems Plc engages in the provision of a full range of products and services for air, land, and naval forces; advanced electronics; security, information technology solutions; and support services. It operates through the following segments: Electronic Systems, Cyber and Intelligence, Platforms and Services (US), Air, Maritime, and Headquarters. The Electronic Systems segment comprises the US and UK-based electronics activities, including electronic warfare systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, next-generation military communications systems and data links, persistent surveillance capabilities, and hybrid electric drive systems. The Cyber and Intelligence segment includes the US-based Intelligence and Security business, and UK-headquartered Applied Intelligence business, and covers the group’s cyber security, secure government, and commercial and financial security activities. The Platforms and Services (US) segment manufactures combat vehicles, weapons and munitions, and delivers services and sustainment activities, including ship repair and the management of government-owned munitions facilities. The Air segment deals with UK-based air activities for European and International markets, and US programmes, and its businesses in Saudi Arabia and Australia, together with its interest in the European MBDA joint venture. The Maritime segment focuses on the group’s UK-based maritime and land activities. The Headquarters segment includes group’s head office and UK-based shared services activities, together with its interest in Air Astana. The company was founded in 1953 and is headquartered in London, the United Kingdom.
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