BAE Systems (LON:BA)‘s stock had its “underweight” rating reissued by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday. They presently have a GBX 550 ($7.60) price target on the stock. JPMorgan Chase & Co.’s price target points to a potential downside of 7.81% from the company’s current price.
Several other brokerages have also issued reports on BA. Jefferies Group reaffirmed a “hold” rating and issued a GBX 615 ($8.50) target price on shares of BAE Systems in a research note on Monday, November 13th. Kepler Capital Markets reaffirmed a “buy” rating and issued a GBX 700 ($9.67) target price on shares of BAE Systems in a research note on Friday, February 16th. Citigroup reaffirmed a “buy” rating on shares of BAE Systems in a research note on Friday, November 24th. Goldman Sachs Group reaffirmed a “buy” rating on shares of BAE Systems in a research note on Monday, December 11th. Finally, Beaufort Securities reiterated a “buy” rating and issued a GBX 685 ($9.46) price target on shares of BAE Systems in a research report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 643.92 ($8.90).
Shares of BAE Systems (LON:BA) traded down GBX 5.20 ($0.07) during midday trading on Monday, hitting GBX 596.60 ($8.24). 6,570,000 shares of the stock traded hands, compared to its average volume of 9,890,000. The company has a market cap of $19,010.00 and a price-to-earnings ratio of 2,209.63. BAE Systems has a one year low of GBX 533.50 ($7.37) and a one year high of GBX 682.50 ($9.43).
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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