JPMorgan Chase & Co. Reiterates Underweight Rating for BAE Systems (BA)
BAE Systems (LON:BA)‘s stock had its “underweight” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Monday, AmericanBankingNews.com reports.
BAE Systems (LON:BA) traded down 0.59% on Monday, hitting GBX 451.70. The stock had a trading volume of 6,630,002 shares. BAE Systems has a 52 week low of GBX 300.80 and a 52 week high of GBX 471.00. The stock’s 50-day moving average is GBX 387.6 and its 200-day moving average is GBX 403.7. The company’s market cap is £14.649 billion.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of BAE Systems in a research note to investors on Friday, October 18th. They now have a GBX 460 ($7.44) price target on the stock. Separately, analysts at Bank of America Corp. reiterated an “underperform” rating on shares of BAE Systems in a research note to investors on Thursday, October 10th. Finally, analysts at AlphaValue reiterated a “reduce” rating on shares of BAE Systems in a research note to investors on Thursday, October 10th. They now have a GBX 416 ($6.73) price target on the stock. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. BAE Systems currently has a consensus rating of “Hold” and an average price target of GBX 416.56 ($6.74).
BAE Systems plc (LON:BA) is a global defence, aerospace and security company.
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