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Jefferies Keeps Their Hold Rating on BAE Systems (BAESF)

Tipranks - Wed Apr 22, 3:38PM CDT

Jefferies analyst Chloe Lemarie maintained a Hold rating on BAE Systems yesterday. The company’s shares closed today at p2,239.50.

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Lemarie covers the Industrials sector, focusing on stocks such as Airbus Group SE, Rolls-Royce Holdings, and RENK Group AG. According to TipRanks, Lemarie has an average return of 31.3% and a 79.91% success rate on recommended stocks.

BAE Systems has an analyst consensus of Moderate Buy, with a price target consensus of $31.77.

Based on BAE Systems’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p14.77 billion and a net profit of p1.09 billion. In comparison, last year the company earned a revenue of p13.84 billion and had a net profit of p1.01 billion

Based on the recent corporate insider activity of 179 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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