BAE Systems (LON:BA)‘s stock had its “hold” rating restated by investment analysts at Jefferies Group in a research report issued on Monday. They currently have a GBX 615 ($8.28) price objective on the stock. Jefferies Group’s price target indicates a potential upside of 10.22% from the company’s previous close.
Several other equities research analysts have also recently commented on the company. Barclays reissued an “underweight” rating and set a GBX 460 ($6.19) target price on shares of BAE Systems in a report on Tuesday, August 29th. Deutsche Bank lifted their price target on shares of BAE Systems from GBX 645 ($8.68) to GBX 670 ($9.02) and gave the stock a “buy” rating in a research report on Thursday, August 31st. Berenberg Bank lowered shares of BAE Systems to a “hold” rating and decreased their price target for the stock from GBX 700 ($9.42) to GBX 600 ($8.08) in a research report on Tuesday, October 3rd. Kepler Capital Markets restated a “buy” rating and issued a GBX 700 ($9.42) price target on shares of BAE Systems in a research report on Thursday, November 16th. Finally, Goldman Sachs Group restated a “conviction-buy” rating and issued a GBX 750 ($10.09) price target on shares of BAE Systems in a research report on Friday, November 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 648.33 ($8.73).
Shares of BAE Systems (LON:BA) traded up GBX 1 ($0.01) during trading hours on Monday, reaching GBX 558 ($7.51). The company had a trading volume of 3,801,669 shares, compared to its average volume of 8,830,000. BAE Systems has a 1 year low of GBX 533.50 ($7.18) and a 1 year high of GBX 682.50 ($9.19).
BAE Systems plc is a defense, aerospace and security company. The Company operates through five segments. The Electronic Systems segment consists of the Company’s United States and United Kingdom-based electronics activities. The Cyber & Intelligence segment consists of its United States-based Intelligence & Security business and United Kingdom-based Applied Intelligence business, and covers the Company’s cyber, secure government, and commercial and financial security activities.
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