BAE Systems (LON:BA) had its price target decreased by research analysts at Deutsche Bank from GBX 730 ($10.09) to GBX 708 ($9.78) in a report issued on Monday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 24.74% from the company’s current price.
A number of other brokerages also recently weighed in on BA. JPMorgan Chase & Co. downgraded BAE Systems to an “underweight” rating and decreased their price target for the stock from GBX 555 ($7.67) to GBX 550 ($7.60) in a report on Friday. Jefferies Group restated a “hold” rating and issued a GBX 615 ($8.50) target price on shares of BAE Systems in a research note on Monday, November 13th. Kepler Capital Markets restated a “buy” rating and issued a GBX 700 ($9.67) target price on shares of BAE Systems in a research note on Friday, February 16th. Citigroup restated a “buy” rating on shares of BAE Systems in a research note on Friday, November 24th. Finally, Goldman Sachs Group restated a “buy” rating on shares of BAE Systems in a research note on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. BAE Systems presently has a consensus rating of “Hold” and a consensus target price of GBX 641.42 ($8.86).
Shares of BAE Systems (LON:BA) opened at GBX 567.60 ($7.84) on Monday. BAE Systems has a 1-year low of GBX 533.50 ($7.37) and a 1-year high of GBX 682.50 ($9.43). The firm has a market capitalization of $17,830.00 and a PE ratio of 2,102.22.
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BAE Systems plc is a defense, aerospace and security company. The Company operates through five segments. The Electronic Systems segment consists of the Company’s United States and United Kingdom-based electronics activities. The Cyber & Intelligence segment consists of its United States-based Intelligence & Security business and United Kingdom-based Applied Intelligence business, and covers the Company’s cyber, secure government, and commercial and financial security activities.
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