BAE Systems Receives Buy Rating from Cantor Fitzgerald Europe (BA)
BAE Systems (LON:BA)‘s stock had its “buy” rating reaffirmed by equities research analysts at Cantor Fitzgerald Europe in a research note issued to investors on Tuesday, ARN reports. They currently have a GBX 490 ($8.08) target price on the stock. Cantor Fitzgerald Europe’s price target indicates a potential upside of 14.03% from the company’s current price.
Other equities research analysts have also recently issued reports about 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 equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus 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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