UBS Group downgraded shares of BAE Systems (LON:BA) to a neutral rating in a report published on Thursday, www.digitallook.com reports. The firm currently has GBX 505 ($6.60) price target on the stock, down from their prior price target of GBX 720 ($9.41).
A number of other research analysts have also recently commented on BA. JPMorgan Chase & Co. upgraded BAE Systems to a neutral rating and decreased their price target for the stock from GBX 695 ($9.08) to GBX 625 ($8.17) in a research note on Friday, November 23rd. Deutsche Bank decreased their price target on BAE Systems from GBX 720 ($9.41) to GBX 690 ($9.02) and set a buy rating on the stock in a research note on Tuesday. Credit Suisse Group upgraded BAE Systems to an outperform rating and upped their price target for the stock from GBX 630 ($8.23) to GBX 640 ($8.36) in a research note on Friday, November 2nd. Citigroup restated a buy rating and set a GBX 750 ($9.80) price target on shares of BAE Systems in a research note on Wednesday, September 19th. Finally, Morgan Stanley restated an overweight rating on shares of BAE Systems in a research note on Wednesday, September 26th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. BAE Systems currently has an average rating of Buy and a consensus price target of GBX 672.45 ($8.79).
LON:BA traded up GBX 10.60 ($0.14) during trading hours on Thursday, reaching GBX 456.10 ($5.96). 4,480,138 shares of the stock were exchanged, compared to its average volume of 9,870,000. BAE Systems has a twelve month low of GBX 533.50 ($6.97) and a twelve month high of GBX 682.50 ($8.92).
About BAE Systems
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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