BAE Systems (BA) Price Target Raised to GBX 775 at Goldman Sachs Group
BAE Systems (LON:BA) had its price target boosted by Goldman Sachs Group from GBX 774 ($10.42) to GBX 775 ($10.43) in a research note issued on Wednesday. The firm currently has a “conviction-buy” rating on the stock. Goldman Sachs Group’s price target would indicate a potential upside of 37.66% from the company’s current price.
Several other research firms also recently issued reports on BA. Berenberg Bank downgraded BAE Systems to a “hold” rating and decreased their price target for the stock from GBX 700 ($9.42) to GBX 600 ($8.08) in a research note on Tuesday, October 3rd. Deutsche Bank reissued a “buy” rating and set a GBX 670 ($9.02) price objective on shares of BAE Systems in a research report on Wednesday, October 11th. Citigroup reissued a “buy” rating and set a GBX 720 ($9.69) price objective on shares of BAE Systems in a research report on Wednesday, October 11th. Jefferies Group reissued a “hold” rating and set a GBX 615 ($8.28) price objective on shares of BAE Systems in a research report on Monday, November 13th. Finally, J P Morgan Chase & Co cut their price objective on BAE Systems from GBX 610 ($8.21) to GBX 580 ($7.81) and set a “neutral” rating for the company in a research report on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 650.42 ($8.75).
BAE Systems (LON:BA) traded up GBX 0.50 ($0.01) on Wednesday, hitting GBX 563 ($7.58). The stock had a trading volume of 12,488,272 shares, compared to its average volume of 8,910,000. BAE Systems has a 52 week low of GBX 533.50 ($7.18) and a 52 week high of GBX 682.50 ($9.19).
About BAE Systems
BAE Systems plc is a defense, aerospace and security company. The Company operates through five segments. The Electronic Systems segment consists of the Company’s United States and United Kingdom-based electronics activities. The Cyber & Intelligence segment consists of its United States-based Intelligence & Security business and United Kingdom-based Applied Intelligence business, and covers the Company’s cyber, secure government, and commercial and financial security activities.
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