JPMorgan Chase & Co. reiterated their underweight rating on shares of BAE Systems (LON:BA) in a research note published on Monday morning. JPMorgan Chase & Co. currently has a GBX 550 ($7.60) target price on the stock.
A number of other research analysts have also recently issued reports on BA. Jefferies Group reaffirmed a hold rating and set a GBX 615 ($8.50) price objective on shares of BAE Systems in a research note on Monday, November 13th. Kepler Capital Markets reaffirmed a buy rating and set a GBX 700 ($9.67) price objective on shares of BAE Systems in a research note on Thursday, November 16th. Goldman Sachs Group reaffirmed a conviction-buy rating and set a GBX 750 ($10.36) price objective on shares of BAE Systems in a research note on Friday, November 24th. Citigroup reaffirmed a buy rating on shares of BAE Systems in a research note on Friday, November 24th. Finally, Credit Suisse Group raised their price objective on BAE Systems from GBX 605 ($8.36) to GBX 610 ($8.43) and gave the company a neutral rating in a research note on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 643.92 ($8.90).
BAE Systems (BA) opened at GBX 593 ($8.19) on Monday. BAE Systems has a 12 month low of GBX 533.50 ($7.37) and a 12 month high of GBX 682.50 ($9.43). The stock has a market capitalization of $18,900.00 and a PE ratio of 2,196.30.
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BAE Systems Company Profile
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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