Shares of BAE Systems plc (LON:BA) fell 0% on Thursday . The company traded as low as GBX 566.50 ($7.57) and last traded at GBX 568.50 ($7.60). 2,809,155 shares changed hands during trading, a decline of 65% from the average session volume of 8,070,000 shares. The stock had previously closed at GBX 568.50 ($7.60).

A number of research firms have weighed in on BA. Kepler Capital Markets reaffirmed a “buy” rating and set a GBX 700 ($9.36) price objective on shares of BAE Systems in a research report on Monday, September 18th. Goldman Sachs Group increased their price objective on BAE Systems from GBX 774 ($10.35) to GBX 775 ($10.36) and gave the stock a “conviction-buy” rating in a research report on Wednesday, December 13th. Citigroup reaffirmed a “buy” rating on shares of BAE Systems in a research report on Friday, November 24th. Jefferies Group reissued a “hold” rating and issued a GBX 615 ($8.22) price target on shares of BAE Systems in a report on Thursday, November 23rd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 610 ($8.16) price target on shares of BAE Systems in a report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 650.42 ($8.70).

The firm has a market cap of $18,080.00 and a price-to-earnings ratio of 1,722.73.

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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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