BAE Systems plc (BA) Receives Consensus Recommendation of “Buy” from Analysts
BAE Systems plc (LON:BA) has been given an average rating of “Buy” by the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 643.18 ($8.46).
A number of research firms recently weighed in on BA. Berenberg Bank cut BAE Systems to a “hold” rating and dropped their price target for the company from GBX 700 ($9.21) to GBX 600 ($7.89) in a research note on Tuesday, October 3rd. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 610 ($8.02) price target on shares of BAE Systems in a research note on Wednesday, September 20th. Deutsche Bank AG restated a “buy” rating and issued a GBX 670 ($8.81) price target on shares of BAE Systems in a research note on Wednesday, October 11th. Citigroup Inc. reiterated a “buy” rating and set a GBX 720 ($9.47) price objective on shares of BAE Systems in a research report on Wednesday, October 11th. Finally, Barclays PLC reiterated an “underweight” rating and set a GBX 460 ($6.05) price objective on shares of BAE Systems in a research report on Tuesday, August 29th.
BAE Systems (BA) traded down GBX 1.50 ($0.02) on Friday, reaching GBX 542 ($7.13). The company had a trading volume of 4,188,128 shares, compared to its average volume of 8,370,000. BAE Systems has a twelve month low of GBX 533.50 ($7.02) and a twelve month high of GBX 682.50 ($8.98).
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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