BAE Systems plc (LON:BA – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 1,438 ($19.23).
A number of equities analysts have issued reports on the stock. Shore Capital restated a “hold” rating on shares of BAE Systems in a research report on Thursday, August 1st. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,500 ($20.06) price target on shares of BAE Systems in a report on Thursday, July 25th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,360 ($18.19) price objective on shares of BAE Systems in a report on Friday, September 6th. Finally, Citigroup upgraded BAE Systems to a “buy” rating and set a GBX 1,440 ($19.26) price objective on the stock in a research report on Monday, July 29th.
Check Out Our Latest Stock Report on BAE Systems
BAE Systems Stock Up 2.0 %
BAE Systems Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, October 24th will be given a dividend of GBX 12.40 ($0.17) per share. The ex-dividend date of this dividend is Thursday, October 24th. This represents a yield of 0.96%. BAE Systems’s payout ratio is 5,166.67%.
About BAE Systems
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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