DZ Bank Raises BAE Systems (LON:BA) Price Target to GBX 660
BAE Systems (LON:BA) had its target price hoisted by DZ Bank from GBX 630 ($8.23) to GBX 660 ($8.62) in a research note published on Friday, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.
BA has been the subject of several other reports. Berenberg Bank boosted their price objective on shares of BAE Systems from GBX 560 ($7.32) to GBX 655 ($8.56) and gave the company a buy rating in a report on Monday, August 5th. Barclays reissued an equal weight rating and set a GBX 550 ($7.19) price objective on shares of BAE Systems in a report on Monday, September 9th. UBS Group reissued a neutral rating on shares of BAE Systems in a report on Thursday, September 12th. Deutsche Bank reissued a buy rating on shares of BAE Systems in a report on Friday. Finally, JPMorgan Chase & Co. reissued a neutral rating and set a GBX 530 ($6.93) price objective on shares of BAE Systems in a report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. BAE Systems has a consensus rating of Buy and an average price target of GBX 598.11 ($7.82).
BA opened at GBX 572.60 ($7.48) on Friday. The company has a quick ratio of 0.93, a current ratio of 1.06 and a debt-to-equity ratio of 90.79. The firm has a 50 day moving average price of GBX 560.80 and a 200-day moving average price of GBX 521.48. BAE Systems has a twelve month low of GBX 439.40 ($5.74) and a twelve month high of GBX 590.80 ($7.72). The stock has a market capitalization of $18.32 billion and a price-to-earnings ratio of 13.83.
BAE Systems plc operates as a defense, aerospace, and security company worldwide. Its Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.
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