BAE Systems plc Given “Hold” Rating at Deutsche Bank (BA)
BAE Systems plc (LON:BA)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Wednesday. They currently have a GBX 405 ($6.92) target price on the stock. Deutsche Bank’s target price points to a potential downside of 5.24% from the stock’s previous close.
BAE Systems plc (LON:BA) traded down 0.40% on Wednesday, hitting GBX 427.40. 3,553,602 shares of the company’s stock traded hands. BAE Systems plc has a 52 week low of GBX 4.333 and a 52 week high of GBX 471.00. The stock has a 50-day moving average of GBX 242.2 and a 200-day moving average of GBX 266.0. The company’s market cap is £13.707 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Westhouse Securities cut their price target on shares of BAE Systems plc from GBX 360 ($6.15) to GBX 350 ($5.98) in a research note on Thursday, July 17th. They now have a “sell” rating on the stock. Separately, analysts at Credit Suisse reiterated an “underweight” rating on shares of BAE Systems plc in a research note on Thursday, July 10th. They now have a GBX 350 ($5.98) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of BAE Systems plc in a research note on Wednesday, July 9th. They now have a GBX 350 ($5.98) price target on the stock. Seven 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. BAE Systems plc presently has a consensus rating of “Hold” and a consensus target price of GBX 429.95 ($7.35).
BAE Systems plc (LON:BA) is a global defence, aerospace and security company.
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