UBS Group lowered shares of BAE Systems (LON:BA) to a neutral rating in a report released on Thursday morning, www.digitallook.com reports. UBS Group currently has GBX 505 ($6.60) target price on the stock, down from their previous target price of GBX 720 ($9.41).
Other equities research analysts have also issued research reports about the stock. Citigroup restated a buy rating and set a GBX 750 ($9.80) price target on shares of BAE Systems in a research note on Wednesday, September 19th. Deutsche Bank raised their price target on shares of BAE Systems from GBX 708 ($9.25) to GBX 720 ($9.41) and gave the stock a buy rating in a research note on Friday, September 28th. JPMorgan Chase & Co. upgraded shares of BAE Systems to a neutral rating and decreased their price target for the stock from GBX 695 ($9.08) to GBX 625 ($8.17) in a research note on Friday, November 23rd. Credit Suisse Group upgraded shares of BAE Systems to an outperform rating and raised their price target for the stock from GBX 630 ($8.23) to GBX 640 ($8.36) in a research note on Friday, November 2nd. Finally, Morgan Stanley restated an overweight rating on shares of BAE Systems in a research note on Wednesday, September 26th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of GBX 672.45 ($8.79).
LON:BA opened at GBX 451.20 ($5.90) on Thursday. BAE Systems has a 52 week low of GBX 533.50 ($6.97) and a 52 week high of GBX 682.50 ($8.92).
In related news, insider Alan Garwood sold 10,350 shares of the firm’s stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of GBX 626 ($8.18), for a total value of £64,791 ($84,660.92).
About BAE Systems
BAE Systems plc operates as a defense, aerospace, and security company worldwide. Its Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.
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