BAE Systems plc Given Underweight Rating at JPMorgan Chase & Co. (BA)
BAE Systems plc (LON:BA)‘s stock had its “underweight” rating restated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday. They currently have a GBX 350 ($6.00) price objective on the stock. JPMorgan Chase & Co.’s price objective points to a potential downside of 16.49% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of BAE Systems plc in a research note on Tuesday. They now have a GBX 490 ($8.40) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of BAE Systems plc in a research note on Monday. They now have a GBX 500 ($8.58) price target on the stock. Finally, analysts at Investec downgraded shares of BAE Systems plc to a “hold” rating in a research note on Tuesday, June 24th. They now have a GBX 430 ($7.38) price target on the stock. Seven research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 430.47 ($7.38).
BAE Systems plc (LON:BA) traded up 0.60% during mid-day trading on Wednesday, hitting GBX 419.10. The stock had a trading volume of 9,066,579 shares. BAE Systems plc has a 52-week low of GBX 374.10 and a 52-week high of GBX 471.00. The stock’s 50-day moving average is GBX 242.2 and its 200-day moving average is GBX 268.5. The company’s market cap is £13.441 billion.
BAE Systems plc (LON:BA) is a global defence, aerospace and security company.
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