BAE Systems plc Rating Reiterated by RBC Capital (BA)
BAE Systems plc (LON:BA)‘s stock had its “outperform” rating reaffirmed by research analysts at RBC Capital in a report released on Wednesday, ARN reports. They currently have a GBX 490 ($8.20) target price on the stock. RBC Capital’s price target would indicate a potential upside of 25.03% from the company’s current price.
Shares of BAE Systems plc (LON:BA) traded down 1.00% during mid-day trading on Wednesday, hitting GBX 376.00. 17,309,364 shares of the company’s stock traded hands. BAE Systems plc has a 52 week low of GBX 371.50 and a 52 week high of GBX 471.00. The stock’s 50-day moving average is GBX 410. and its 200-day moving average is GBX 431.8. The company’s market cap is £12.059 billion.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of BAE Systems plc in a research note on Wednesday. They now have a GBX 350 ($5.86) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of BAE Systems plc in a research note on Thursday, April 10th. They now have a GBX 460 ($7.70) price target on the stock. Finally, analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of BAE Systems plc in a research note on Tuesday, April 8th. They now have a GBX 460 ($7.70) price target on the stock. Five analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. BAE Systems plc has an average rating of “Hold” and an average price target of GBX 434.75 ($7.27).
BAE Systems plc (LON:BA) is a global defence, aerospace and security company.
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