BAE Systems Rating Reiterated by Cantor Fitzgerald Europe (BA)
BAE Systems (LON:BA)‘s stock had its “buy” rating reiterated by stock analysts at Cantor Fitzgerald Europe in a report issued on Tuesday, Stock Ratings News reports. They currently have a GBX 490 ($8.08) price objective on the stock. Cantor Fitzgerald Europe’s target price would indicate a potential upside of 14.03% from the stock’s previous close.
BAE Systems (LON:BA) opened at 426.30 on Tuesday. BAE Systems has a one year low of GBX 324.70 and a one year high of GBX 471.00. The stock’s 50-day moving average is GBX 275.4 and its 200-day moving average is GBX 341.2. The company’s market cap is £13.825 billion.
Several other analysts have also recently commented on the stock. Analysts at Investec cut their price target on shares of BAE Systems from GBX 460 ($7.58) to GBX 450 ($7.42) in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. BAE Systems presently has a consensus rating of “Hold” and an average price target of GBX 432.03 ($7.12).
BAE Systems plc (LON:BA) is a global defence, aerospace and security company.
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