BAE Systems plc (BA) Receives Average Recommendation of “Buy” from Analysts
Shares of BAE Systems plc (LON:BA) have been given an average recommendation of “Buy” by the thirteen analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 647.08 ($8.78).
A number of research firms have recently weighed in on BA. Kepler Capital Markets restated a “buy” rating and issued a GBX 700 ($9.49) price target on shares of BAE Systems in a research note on Thursday, December 14th. Citigroup restated a “buy” rating and issued a GBX 720 ($9.76) price target on shares of BAE Systems in a research note on Monday, December 11th. Goldman Sachs Group reiterated a “conviction-buy” rating and set a GBX 750 ($10.17) target price on shares of BAE Systems in a research report on Friday, November 24th. Jefferies Group reiterated a “hold” rating and set a GBX 615 ($8.34) target price on shares of BAE Systems in a research report on Thursday, November 23rd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 610 ($8.27) target price on shares of BAE Systems in a research report on Wednesday, October 11th.
BAE Systems (LON:BA) traded up GBX 1.80 ($0.02) on Monday, hitting GBX 591.40 ($8.02). 6,753,784 shares of the stock were exchanged, compared to its average volume of 6,620,000. BAE Systems has a one year low of GBX 533.50 ($7.23) and a one year high of GBX 682.50 ($9.26). The firm has a market cap of $18,840.00 and a P/E ratio of 1,792.12.
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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