Berenberg Bank Reiterates Hold Rating for BAE Systems (LON:BA)

BAE Systems (LON:BA)‘s stock had its “hold” rating restated by stock analysts at Berenberg Bank in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 1,850 price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 2.83% from the company’s current price.

A number of other brokerages have also recently commented on BA. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of BAE Systems in a research report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft upped their price target on BAE Systems from GBX 2,170 to GBX 2,220 and gave the stock a “buy” rating in a report on Friday, September 12th. Citigroup boosted their target price on BAE Systems from GBX 2,145 to GBX 2,192 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, Morgan Stanley reissued an “overweight” rating on shares of BAE Systems in a report on Friday, September 5th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,996.75.

BAE Systems Price Performance

BA traded down GBX 23 during trading on Wednesday, hitting GBX 1,799. 2,716,583 shares of the stock traded hands. The company has a debt-to-equity ratio of 94.02, a current ratio of 1.03 and a quick ratio of 0.91. BAE Systems has a twelve month low of GBX 1,012.50 and a twelve month high of GBX 1,415.25. The company has a market cap of £55.70 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 3.33 and a beta of 0.33. The business has a 50 day moving average price of GBX 1,914.95 and a 200 day moving average price of GBX 1,856.99.

BAE Systems Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.