BAE Systems Receives “Underperform” Rating from Bank of America Corp. (BA)
BAE Systems (LON:BA)‘s stock had its “underperform” rating restated by equities researchers at Bank of America Corp. in a research report issued on Thursday, Analyst RN reports.
BAE Systems (LON:BA) traded up 2.43% during mid-day trading on Thursday, hitting GBX 450.70. The stock had a trading volume of 4,724,947 shares. BAE Systems has a 52-week low of GBX 300.80 and a 52-week high of GBX 471.00. The stock has a 50-day moving average of GBX 444.5 and a 200-day moving average of GBX 409.1. The company’s market cap is £14.616 billion.
A number of other analysts have also recently weighed in on BA. Analysts at AlphaValue reiterated a “reduce” rating on shares of BAE Systems in a research note to investors on Thursday. They now have a GBX 416 ($6.67) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of BAE Systems in a research note to investors on Wednesday, September 25th. They now have a GBX 510 ($8.18) price target on the stock. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 404.06 ($6.48).
BAE Systems plc (LON:BA) is a global defence, aerospace and security company.
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