BAE Systems (LON:BA) had its price objective raised by equities researchers at Credit Suisse Group from GBX 605 ($8.09) to GBX 610 ($8.16) in a report released on Tuesday. The firm presently has a “neutral” rating on the stock. Credit Suisse Group’s price objective indicates a potential upside of 6.01% from the company’s current price.
Other analysts also recently issued research reports about the stock. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 670 ($8.96) price objective on shares of BAE Systems in a research report on Wednesday, October 11th. Citigroup reaffirmed a “buy” rating and issued a GBX 720 ($9.63) price objective on shares of BAE Systems in a research report on Wednesday, October 11th. Kepler Capital Markets reaffirmed a “buy” rating and issued a GBX 700 ($9.36) price objective on shares of BAE Systems in a research report on Thursday, November 16th. Goldman Sachs Group reaffirmed a “buy” rating on shares of BAE Systems in a research report on Monday, December 11th. Finally, Berenberg Bank downgraded shares of BAE Systems to a “hold” rating and lowered their price objective for the company from GBX 700 ($9.36) to GBX 600 ($8.02) in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 650.42 ($8.70).
Shares of BAE Systems (BA) opened at GBX 575.40 ($7.69) on Tuesday. BAE Systems has a 1 year low of GBX 533.50 ($7.13) and a 1 year high of GBX 682.50 ($9.13). The stock has a market cap of $18,050.00 and a P/E ratio of 1,743.64.
BAE Systems Company Profile
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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