BAE Systems plc (LON:BA)’s share price rose 2.2% on Monday . The stock traded as high as GBX 581.20 ($8.03) and last traded at GBX 577.60 ($7.98). Approximately 11,170,000 shares traded hands during trading, an increase of 23% from the average daily volume of 9,050,000 shares. The stock had previously closed at GBX 565 ($7.81).
BA has been the topic of several analyst reports. JPMorgan Chase & Co. downgraded BAE Systems to an “underweight” rating and cut their target price for the company from GBX 555 ($7.67) to GBX 550 ($7.60) in a research report on Friday. Jefferies Group reissued a “hold” rating and set a GBX 615 ($8.50) target price on shares of BAE Systems in a research report on Monday, November 13th. Kepler Capital Markets reaffirmed a “buy” rating and issued a GBX 700 ($9.67) price objective on shares of BAE Systems in a research report on Friday, February 16th. Citigroup reaffirmed a “buy” rating on shares of BAE Systems in a research report on Friday, November 24th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of BAE Systems in a research report on Monday, December 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. BAE Systems has a consensus rating of “Hold” and an average price target of GBX 641.42 ($8.86).
The firm has a market cap of $18,410.00 and a PE ratio of 2,139.26.
About BAE Systems
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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