BNP Paribas cut shares of BAE Systems (OTCMKTS:BAESY) from a neutral rating to an underperform rating in a report published on Friday morning, Briefing.com reports.
A number of other research analysts have also recently commented on the stock. Cheuvreux began coverage on shares of BAE Systems in a report on Thursday, October 14th. They issued a buy rating for the company. Zacks Investment Research downgraded shares of BAE Systems from a hold rating to a sell rating in a research report on Tuesday, October 5th. Kepler Capital Markets began coverage on shares of BAE Systems in a research report on Thursday, October 14th. They issued a buy rating for the company. Finally, JPMorgan Chase & Co. downgraded shares of BAE Systems from a neutral rating to an underweight rating in a research report on Tuesday, December 14th. Four analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $31.00.
Shares of BAESY opened at $31.90 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 0.92. The company’s 50-day moving average is $29.87 and its 200-day moving average is $30.75. BAE Systems has a fifty-two week low of $25.40 and a fifty-two week high of $33.55.
About BAE Systems
BAE Systems Plc engages in the provision of a full range of products and services for air, land, and naval forces; advanced electronics; security, information technology solutions; and support services. It operates through the following segments: Electronic Systems, Cyber and Intelligence, Platforms and Services (US), Air, Maritime, and Headquarters.
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