BAE Systems (LON:BA) had its price objective decreased by stock analysts at JPMorgan Chase & Co. from GBX 595 ($8.07) to GBX 555 ($7.53) in a report issued on Friday, January 5th. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential downside of 3.81% from the company’s previous close.
Other analysts have also recently issued research reports about the company. Berenberg Bank cut BAE Systems to a “hold” rating and decreased their target price for the stock from GBX 700 ($9.49) to GBX 600 ($8.14) in a report on Tuesday, October 3rd. Deutsche Bank restated a “buy” rating and issued a GBX 670 ($9.09) price target on shares of BAE Systems in a report on Wednesday, October 11th. Citigroup reaffirmed a “buy” rating and issued a GBX 720 ($9.76) target price on shares of BAE Systems in a research report on Wednesday, October 11th. Goldman Sachs Group reaffirmed a “conviction-buy” rating and issued a GBX 750 ($10.17) target price on shares of BAE Systems in a research report on Monday, September 18th. Finally, Kepler Capital Markets reaffirmed a “buy” rating and issued a GBX 700 ($9.49) target price on shares of BAE Systems in a research report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. BAE Systems currently has a consensus rating of “Buy” and an average target price of GBX 647.08 ($8.78).
BAE Systems (BA) traded up GBX 11.20 ($0.15) during midday trading on Friday, hitting GBX 577 ($7.82). 8,070,000 shares of the stock were exchanged, compared to its average volume of 6,450,000. BAE Systems has a one year low of GBX 533.50 ($7.23) and a one year high of GBX 682.50 ($9.26). The firm has a market cap of $18,380.00 and a P/E ratio of 1,748.48.
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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.
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