BAE Systems Stock Rating Reaffirmed by Cantor Fitzgerald Europe (BA)
BAE Systems (LON:BA)‘s stock had its “buy” rating restated by equities researchers at Cantor Fitzgerald Europe in a research report issued on Tuesday, AnalystRatingsNetwork.com reports. They currently have a GBX 490 ($8.08) price target on the stock. Cantor Fitzgerald Europe’s price target would indicate a potential upside of 14.43% from the company’s current price.
BAE Systems (LON:BA) traded down 0.35% during mid-day trading on Tuesday, hitting GBX 428.20. 4,982,295 shares of the company’s stock traded hands. 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 268.1 and its 200-day moving average is GBX 338.5. The company’s market cap is £13.887 billion.
A number of other analysts have also recently weighed in on BA. 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 research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus 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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