What’s Next for BAE Systems plc After Today’s Huge Increase?

 What's Next for BAE Systems plc After Today's Huge Increase?

The stock of BAE Systems plc (LON:BA) is a huge mover today! The stock increased 5.28% or GBX 30.89 on November 10, hitting GBX 615.89. About 25.66 million shares traded hands or 230.24% up from the average. BAE Systems plc (LON:BA) has risen 16.65% since April 12, 2016 and is uptrending. It has outperformed by 11.00% the S&P500.
The move comes after 5 months positive chart setup for the GBX 19.56B company. It was reported on Nov, 10 by Barchart.com. We have GBX 1003.90 PT which if reached, will make LON:BA worth GBX 12.32 billion more.

BAE Systems plc (LON:BA) Ratings Coverage

Out of 24 analysts covering BAE Systems Plc (LON:BA), 20 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 83% are positive. BAE Systems Plc has been the topic of 142 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Friday, November 13, the company rating was maintained by Bernstein. The rating was maintained by Raymond James with “Underperform” on Thursday, October 15. As per Friday, February 19, the company rating was maintained by Credit Suisse. The rating was upgraded by Raymond James on Thursday, February 11 to “Underperform”. The firm has “Underperform” rating by Raymond James given on Wednesday, July 29. The stock of BAE Systems plc (LON:BA) earned “Buy” rating by UBS on Friday, February 12. The rating was maintained by Jefferies with “Buy” on Wednesday, February 3. RBC Capital Markets maintained the shares of BA in a report on Friday, February 19 with “Top Pick” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, December 14. The rating was maintained by Jefferies on Friday, January 29 with “Buy”.

More important recent BAE Systems plc (LON:BA) news were published by: Wsj.com which released: “BAE Systems Profit Rises on Increased Military Spending” on July 28, 2016, also Wsj.com published article titled: “BAE Systems Picks Oil Executive as New Operating Chief”, Wsj.com published: “BAE Systems Sees Risks if ‘Brexit’ Spurs Scottish Independence Push” on May 04, 2016. More interesting news about BAE Systems plc (LON:BA) was released by: Bloomberg.com and their article: “Bonds of GlaxoSmithKline, BAE Systems Among First BOE Purchases” with publication date: September 28, 2016.

BAE Systems plc is a defense, aerospace and security company. The company has a market cap of 19.56 billion GBP. The Company’s divisions include Electronic Systems, which consist of the Company’s United States and United Kingdom electronics activities; Cyber & Intelligence, which consists of its United States Intelligence & Security business and the United Kingdom-headquartered applied intelligence business; Platforms & Services , which produces combat vehicles, weapons and munitions; Platforms & Services (UK), which consist of its United Kingdom air, maritime, combat vehicle, munitions and shared services activities; Platforms & Services (International), which consist of the Company’s businesses in Saudi Arabia, Australia and Oman, together with its interest in the MBDA joint venture, and HQ, which comprises the Company’s head office activities, together with approximately 49% interest in Air Astana. It has a 20.89 P/E ratio.

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