Deutsche Bank Reiterates “Hold” Rating for BAE Systems plc (BA)
BAE Systems plc (LON:BA)‘s stock had its “hold” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Thursday, Stock Ratings News reports. They currently have a GBX 425 ($6.97) price target on the stock. Deutsche Bank’s price objective would suggest a potential downside of 0.19% from the stock’s previous close.
A number of other analysts have also recently weighed in on BA. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of BAE Systems plc in a research note on Tuesday. They now have a GBX 510 ($8.37) price target on the stock. Separately, analysts at UBS AG cut their price target on shares of BAE Systems plc from GBX 510 ($8.37) to GBX 500 ($8.20) in a research note on Monday, February 3rd. They now have a “buy” rating on the stock. Finally, analysts at Barclays downgraded shares of BAE Systems plc to an “underweight” rating in a research note on Friday, January 31st. They now have a GBX 380 ($6.23) price target on the stock. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. BAE Systems plc currently has an average rating of “Hold” and an average target price of GBX 414.07 ($6.79).
Shares of BAE Systems plc (LON:BA) traded down 3.12% during mid-day trading on Thursday, hitting GBX 425.80. 13,455,094 shares of the company’s stock traded hands. BAE Systems plc has a 52-week low of GBX 324.70 and a 52-week high of GBX 471.00. The stock’s 50-day moving average is GBX 289.7 and its 200-day moving average is GBX 325.8. The company’s market cap is £13.809 billion.
BAE Systems plc (LON:BA) is a global defence, aerospace and security company.
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