JPMorgan Chase & Co. Lowers BAE Systems (LON:BA) Price Target to GBX 555

BAE Systems (LON:BA) had its target price decreased by equities research analysts at JPMorgan Chase & Co. from GBX 595 ($8.07) to GBX 555 ($7.53) in a note issued to investors on Friday, January 5th. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential downside of 5.61% from the stock’s current price.

A number of other research analysts have also recently commented on BA. Kepler Capital Markets reaffirmed a “buy” rating and set a GBX 700 ($9.49) price target on shares of BAE Systems in a research report on Monday, September 18th. Citigroup reaffirmed a “buy” rating on shares of BAE Systems in a research report on Friday, November 24th. Credit Suisse Group upped their price target on BAE Systems from GBX 605 ($8.20) to GBX 610 ($8.27) and gave the company a “neutral” rating in a research report on Tuesday, January 2nd. Goldman Sachs Group upped their price target on BAE Systems from GBX 774 ($10.50) to GBX 775 ($10.51) and gave the company a “conviction-buy” rating in a research report on Wednesday, December 13th. Finally, Jefferies Group reaffirmed a “hold” rating and set a GBX 615 ($8.34) price target on shares of BAE Systems in a research report on Thursday, November 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. BAE Systems has an average rating of “Buy” and an average target price of GBX 647.08 ($8.78).

BAE Systems (LON BA) opened at GBX 588 ($7.97) on Friday. BAE Systems has a 1 year low of GBX 533.50 ($7.23) and a 1 year high of GBX 682.50 ($9.26). The company has a market capitalization of $18,730.00 and a price-to-earnings ratio of 1,781.82.

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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.

Analyst Recommendations for BAE Systems (LON:BA)

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