BAE Systems (LON:BA) had its price objective lifted by analysts at DZ Bank from GBX 630 ($8.23) to GBX 660 ($8.62) in a research report issued on Friday, ThisIsMoney.Co.Uk reports. The firm currently has a “buy” rating on the stock. DZ Bank’s price objective indicates a potential upside of 13.87% from the stock’s current price.
A number of other equities research analysts also recently commented on BA. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 530 ($6.93) target price on shares of BAE Systems in a report on Wednesday, July 17th. Berenberg Bank lifted their target price on BAE Systems from GBX 560 ($7.32) to GBX 655 ($8.56) and gave the stock a “buy” rating in a report on Monday, August 5th. UBS Group reaffirmed a “neutral” rating on shares of BAE Systems in a report on Thursday, September 12th. Barclays reaffirmed an “equal weight” rating and set a GBX 550 ($7.19) target price on shares of BAE Systems in a report on Monday, September 9th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of BAE Systems in a report on Friday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. BAE Systems currently has an average rating of “Buy” and a consensus target price of GBX 598.11 ($7.82).
Shares of BAE Systems stock traded down GBX 4.40 ($0.06) on Friday, reaching GBX 579.60 ($7.57). 4,483,730 shares of the stock were exchanged, compared to its average volume of 9,870,000. The company has a quick ratio of 0.93, a current ratio of 1.06 and a debt-to-equity ratio of 90.79. 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 firm has a market capitalization of $18.56 billion and a price-to-earnings ratio of 14.00. The business has a 50 day moving average price of GBX 560.48 and a two-hundred day moving average price of GBX 520.78.
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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