BAE Systems plc Given Average Recommendation of “Hold” by Analysts (LON:BA)
Shares of BAE Systems plc (LON:BA) have earned a consensus recommendation of “Hold” from the twenty analysts that are presently covering the company, AmericanBankingNews.com reports. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 426.61 ($7.26).
Shares of BAE Systems plc (LON:BA) traded up 1.32% during mid-day trading on Friday, hitting GBX 430.60. The stock had a trading volume of 1,957,113 shares. BAE Systems plc has a one year low of GBX 374.10 and a one year high of GBX 471.00. The stock has a 50-day moving average of GBX 262.3 and a 200-day moving average of GBX 274.6. The company’s market cap is £13.810 billion.
Several analysts have recently commented on the stock. Analysts at Investec downgraded shares of BAE Systems plc to a “hold” rating in a research note on Tuesday. They now have a GBX 430 ($7.32) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of BAE Systems plc in a research note on Monday. They now have a GBX 490 ($8.34) price target on the stock. Finally, analysts at Westhouse Securities initiated coverage on shares of BAE Systems plc in a research note on Thursday, June 19th. They set a “sell” rating and a GBX 360 ($6.13) price target on the stock.
BAE Systems plc (LON:BA) is a global defence, aerospace and security company.
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