BAE Systems (BA) Downgraded by UBS Group to Neutral

UBS Group downgraded shares of BAE Systems (LON:BA) to a neutral rating in a report published on Thursday, 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).

In other news, insider Alan Garwood sold 10,350 shares of the stock in a transaction on Friday, September 21st. The stock was sold at an average price of GBX 626 ($8.18), for a total value of £64,791 ($84,660.92).

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.

Further Reading: Asset Allocation, Balancing Your Investments

Analyst Recommendations for BAE Systems (LON:BA)

Receive News & Ratings for BAE Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BAE Systems and related companies with's FREE daily email newsletter.

Leave a Reply