BAE Systems (LON:BA) had its price objective decreased by analysts at JPMorgan Chase & Co. from GBX 595 ($7.96) to GBX 555 ($7.42) in a research note issued on Friday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential downside of 2.97% from the company’s current price.
Other equities research analysts also recently issued reports about the stock. Goldman Sachs Group reaffirmed a “conviction-buy” rating and set a GBX 750 ($10.03) price objective on shares of BAE Systems in a report on Monday, September 18th. Jefferies Group reaffirmed a “hold” rating and set a GBX 615 ($8.22) price objective on shares of BAE Systems in a report on Monday, December 11th. Citigroup reaffirmed a “buy” rating on shares of BAE Systems in a report on Friday, November 24th. Kepler Capital Markets reaffirmed a “buy” rating and set a GBX 700 ($9.36) price objective on shares of BAE Systems in a report on Thursday, December 14th. Finally, Credit Suisse Group upped their price objective on shares of BAE Systems from GBX 605 ($8.09) to GBX 610 ($8.16) and gave the company a “neutral” rating in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. BAE Systems has an average rating of “Buy” and an average price target of GBX 647.08 ($8.65).
Shares of BAE Systems (LON BA) traded down GBX 2 ($0.03) during trading hours on Friday, hitting GBX 572 ($7.65). 6,734,870 shares of the company were exchanged, compared to its average volume of 7,110,000. The stock has a market cap of $18,220.00 and a P/E ratio of 1,733.33. BAE Systems has a 52 week low of GBX 533.50 ($7.13) and a 52 week high of GBX 682.50 ($9.13).
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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