BAE Systems plc Rating Reiterated by JPMorgan Chase & Co. (BA)
BAE Systems plc (LON:BA)‘s stock had its “underweight” rating restated by stock analysts at JPMorgan Chase & Co. in a report issued on Tuesday, American Banking & Market News reports. They currently have a GBX 350 ($5.82) price objective on the stock. JPMorgan Chase & Co.’s price target indicates a potential downside of 16.17% from the stock’s previous close.
A number of other analysts have also recently weighed in on BA. Analysts at Investec upgraded shares of BAE Systems plc to an “add” rating in a research note on Monday. They now have a GBX 430 ($7.15) price target on the stock, down previously from GBX 450 ($7.48). Separately, analysts at Deutsche Bank cut their price target on shares of BAE Systems plc from GBX 425 ($7.07) to GBX 405 ($6.74) in a research note on Monday. They now have a “hold” rating on the stock. Finally, analysts at Societe Generale upgraded shares of BAE Systems plc to a “buy” rating in a research note on Friday. They now have a GBX 450 ($7.48) price target on the stock. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 412.13 ($6.85).
BAE Systems plc (LON:BA) opened at 414.80 on Tuesday. BAE Systems plc has a 52-week low of GBX 342.50 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 £13.379 billion.
BAE Systems plc (LON:BA) is a global defence, aerospace and security company.
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