BAE Systems Price Target Cut to GBX 450 (BA)
Research analysts at Investec decreased their target price on shares of BAE Systems (LON:BA) from GBX 460 ($7.58) to GBX 450 ($7.42) in a report released on Monday, American Banking & Market News reports. The firm currently has a “hold” rating on the stock. Investec’s price objective would suggest a potential upside of 3.69% from the stock’s previous close.
Shares of BAE Systems (LON:BA) opened at 434.60 on Monday. BAE Systems has a 1-year low of GBX 324.70 and a 1-year high of GBX 471.00. The stock’s 50-day moving average is GBX 291.1 and its 200-day moving average is GBX 344.4. The company’s market cap is £14.094 billion.
A number of other analysts have also recently weighed in on BA. Analysts at JPMorgan Chase & Co. cut their price target on shares of BAE Systems from GBX 380 ($6.26) to GBX 355 ($5.85) in a research note to investors on Friday, December 20th. They now have an “underweight” rating on the stock. Separately, analysts at Natixis reiterated a “reduce” rating on shares of BAE Systems in a research note to investors on Monday, December 9th. They now have a GBX 400 ($6.59) 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 Thursday, December 5th. They now have a GBX 510 ($8.40) price target on the stock. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 428.16 ($7.06).
BAE Systems plc (LON:BA) is a global defence, aerospace and security company.
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