Jefferies Group Reiterates “Buy” Rating for BAE Systems plc (BA)
BAE Systems plc (LON:BA)‘s stock had its “buy” rating restated by Jefferies Group in a research note issued on Thursday, StockRatingsNetwork.com reports. They currently have a GBX 350 ($5.87) target price on the stock. Jefferies Group’s price target would indicate a potential downside of 19.87% from the company’s current price.
BAE Systems plc (LON:BA) opened at 399.80 on Thursday. BAE Systems plc has a 52 week low of GBX 328.80 and a 52 week high of GBX 471.00. The stock has a 50-day moving average of GBX 258. and a 200-day moving average of GBX 318.7. The company’s market cap is £12.966 billion.
BA has been the subject of a number of other recent research reports. Analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of BAE Systems plc in a research note on Wednesday. They now have a GBX 490 ($8.21) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of BAE Systems plc in a research note on Thursday, February 13th. They now have a GBX 425 ($7.12) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of BAE Systems plc in a research note on Tuesday, February 11th. They now have a GBX 510 ($8.55) price target on the stock. Six research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 411.31 ($6.89).
BAE Systems plc (LON:BA) is a global defence, aerospace and security company.
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