Deutsche Bank reissued their buy rating on shares of BAE Systems (LON:BA) in a research note issued to investors on Wednesday. The brokerage currently has a GBX 730 ($10.24) price target on the stock.
Several other equities research analysts have also issued reports on BA. Citigroup reissued a buy rating on shares of BAE Systems in a research report on Friday, November 24th. Goldman Sachs Group upped their price target on BAE Systems from GBX 774 ($10.85) to GBX 775 ($10.87) and gave the company a conviction-buy rating in a research report on Wednesday, December 13th. Jefferies Group reissued a hold rating and set a GBX 615 ($8.62) price target on shares of BAE Systems in a research report on Thursday, November 23rd. Credit Suisse Group upped their price target on BAE Systems from GBX 605 ($8.48) to GBX 610 ($8.55) and gave the company a neutral rating in a research report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. dropped their price target on BAE Systems from GBX 610 ($8.55) to GBX 580 ($8.13) and set a neutral rating on the stock in a research report on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of GBX 652.08 ($9.14).
BAE Systems (BA) opened at GBX 558.60 ($7.83) on Wednesday. BAE Systems has a 52-week low of GBX 533.50 ($7.48) and a 52-week high of GBX 682.50 ($9.57). The stock has a market capitalization of $17,800.00 and a P/E ratio of 1,692.73.
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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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