Deutsche Bank Reiterates Hold Rating for BAE Systems plc (BA)
BAE Systems plc (LON:BA)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Friday. They currently have a GBX 405 ($6.88) price target on the stock. Deutsche Bank’s price target indicates a potential downside of 4.95% from the stock’s previous close.
BAE Systems plc (LON:BA) traded down 0.40% during mid-day trading on Friday, hitting GBX 426.10. 6,081,369 shares of the company’s stock traded hands. BAE Systems plc has a 1-year low of GBX 4.327 and a 1-year high of GBX 464.00. The stock’s 50-day moving average is GBX 276.4 and its 200-day moving average is GBX 339.6. The company’s market cap is £13.529 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of BAE Systems plc in a research note on Thursday. They now have a GBX 500 ($8.49) 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 ($8.32) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “sell” rating on shares of BAE Systems plc in a research note on Monday, July 28th. They now have a GBX 360 ($6.11) price target on the stock. Seven equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. BAE Systems plc currently has an average rating of “Hold” and an average price target of GBX 434.16 ($7.37).
BAE Systems plc (LON:BA) is a global defence, aerospace and security company.
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