BAE Systems plc (BA) Given Average Rating of “Buy” by Brokerages
BAE Systems plc (LON:BA) has been assigned a consensus rating of “Buy” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 651.58 ($9.00).
Several equities research analysts recently commented on the company. Goldman Sachs Group reissued a “conviction-buy” rating and issued a GBX 769 ($10.62) price target on shares of BAE Systems in a research note on Monday. Deutsche Bank reissued a “buy” rating and issued a GBX 730 ($10.09) price target on shares of BAE Systems in a research note on Wednesday, February 7th. JPMorgan Chase & Co. lowered their price target on BAE Systems from GBX 595 ($8.22) to GBX 555 ($7.67) and set a “neutral” rating for the company in a research note on Friday, January 5th. Credit Suisse Group boosted their price target 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. Finally, Kepler Capital Markets reissued a “buy” rating and issued a GBX 700 ($9.67) price target on shares of BAE Systems in a research note on Thursday, December 14th.
Shares of BAE Systems (BA) traded up GBX 2.80 ($0.04) during midday trading on Friday, hitting GBX 572.40 ($7.91). The company had a trading volume of 9,818,476 shares, compared to its average volume of 8,630,000. The company has a market cap of $18,240.00 and a PE ratio of 1,734.55. BAE Systems has a 1-year low of GBX 533.50 ($7.37) and a 1-year high of GBX 682.50 ($9.43).
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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