BAE Systems plc Coverage Initiated by Analysts at Berenberg Bank (BA)
Berenberg Bank began coverage on shares of BAE Systems plc (LON:BA) in a research note issued on Tuesday. The firm set a “hold” rating and a GBX 455 ($7.72) price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 8.98% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Investec downgraded shares of BAE Systems plc to a “hold” rating in a research note on Tuesday, June 10th. They now have a GBX 430 ($7.30) 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 Wednesday, May 28th. They now have a GBX 460 ($7.81) price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of BAE Systems plc in a research note on Friday, May 23rd. They now have a GBX 490 ($8.32) price target on the stock. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 430.53 ($7.31).
Shares of BAE Systems plc (LON:BA) traded down 0.22% during mid-day trading on Tuesday, hitting GBX 417.50. 6,096,250 shares of the company’s stock traded hands. BAE Systems plc has a 52 week low of GBX 374.10 and a 52 week high of GBX 471.00. The stock has a 50-day moving average of GBX 236.5 and a 200-day moving average of GBX 267.. The company’s market cap is £13.390 billion.
BAE Systems plc (LON:BA) is a global defence, aerospace and security company.
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