BAE Systems plc Receives “Underweight” Rating from Credit Suisse (BA)
BAE Systems plc (LON:BA)‘s stock had its “underweight” rating reiterated by research analysts at Credit Suisse in a report released on Thursday. They currently have a GBX 350 ($6.00) price target on the stock. Credit Suisse’s price objective points to a potential downside of 15.99% from the stock’s previous close.
Shares of BAE Systems plc (LON:BA) traded up 0.60% during mid-day trading on Thursday, 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 has a 50-day moving average of GBX 242.0 and a 200-day moving average of GBX 267.5. The company’s market cap is £13.441 billion.
BA has been the subject of a number of other recent research reports. 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 ($6.00) 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 Tuesday. They now have a GBX 490 ($8.40) price target on the stock. Finally, 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. Seven analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. BAE Systems plc presently has a consensus rating of “Hold” and a consensus target price of GBX 430.47 ($7.38).
BAE Systems plc (LON:BA) is a global defence, aerospace and security company.
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