Societe Generale Upgrades BAE Systems plc to Buy (BA)
BAE Systems plc (LON:BA) was upgraded by equities research analysts at Societe Generale to a “buy” rating in a research note issued to investors on Friday, American Banking News reports. The firm currently has a GBX 450 ($7.54) target price on the stock. Societe Generale’s target price points to a potential upside of 9.41% from the company’s current price.
A number of other firms have also recently commented on BA. Analysts at Barclays reiterated an “underweight” rating on shares of BAE Systems plc in a research note on Friday. They now have a GBX 380 ($6.37) price target on the stock. Separately, analysts at Investec reiterated a “hold” rating on shares of BAE Systems plc in a research note on Thursday. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of BAE Systems plc in a research note on Thursday. They now have a GBX 350 ($5.87) price target on the stock. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. BAE Systems plc has a consensus rating of “Hold” and an average price target of GBX 414.07 ($6.94).
BAE Systems plc (LON:BA) opened at 411.30 on Friday. BAE Systems plc has a 52-week low of GBX 341.00 and a 52-week high of GBX 471.00. The stock’s 50-day moving average is GBX 351.5 and its 200-day moving average is GBX 264.3. The company’s market cap is £13.338 billion.
BAE Systems plc (LON:BA) is a global defence, aerospace and security company.
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