BAE Systems plc Now Covered by Analysts at Westhouse Securities (BA)
Equities researchers at Westhouse Securities began coverage on shares of BAE Systems plc (LON:BA) in a research report issued on Thursday. The firm set a “sell” rating and a GBX 360 ($6.11) price target on the stock. Westhouse Securities’ target price points to a potential downside of 15.13% from the stock’s previous close.
A number of other firms have also recently commented on BA. Analysts at Berenberg Bank initiated coverage on shares of BAE Systems plc in a research note on Tuesday. They set a “hold” rating and a GBX 455 ($7.72) price target on the stock. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 426.61 ($7.24).
Shares of BAE Systems plc (LON:BA) traded up 1.60% during mid-day trading on Thursday, hitting GBX 424.20. The stock had a trading volume of 10,919,712 shares. BAE Systems plc has a one year low of GBX 374.10 and a one year high of GBX 471.00. The stock’s 50-day moving average is GBX 236.7 and its 200-day moving average is GBX 262.6. The company’s market cap is £13.605 billion.
BAE Systems plc (LON:BA) is a global defence, aerospace and security company.
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