BAE Systems (BA) Shares Down 0%
BAE Systems plc (LON:BA)’s share price was down 0% during trading on Thursday . The company traded as low as GBX 579.60 ($7.86) and last traded at GBX 586.20 ($7.95). Approximately 6,210,000 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 6,380,000 shares. The stock had previously closed at GBX 586.20 ($7.95).
A number of brokerages have recently issued reports on BA. Citigroup reaffirmed a “buy” rating and set a GBX 720 ($9.76) price target on shares of BAE Systems in a research report on Monday, December 11th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 670 ($9.09) price target on shares of BAE Systems in a research report on Wednesday, October 11th. Kepler Capital Markets reaffirmed a “buy” rating and set a GBX 700 ($9.49) price target 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 BAE Systems to a “hold” rating and reduced their price target for the stock from GBX 700 ($9.49) to GBX 600 ($8.14) in a research report on Tuesday, October 3rd. 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 ($8.78).
The firm has a market capitalization of $18,680.00 and a price-to-earnings ratio of 1,776.36.
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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