BAE Systems (LON:BA)‘s stock had its “equal weight” rating reiterated by equities researchers at Morgan Stanley in a research note issued on Thursday. They presently have a GBX 550 ($7.60) target price on the stock. Morgan Stanley’s price objective would indicate a potential downside of 6.46% from the company’s current price.
BA has been the topic of several other reports. Kepler Capital Markets restated a “buy” rating and set a GBX 700 ($9.67) price target on shares of BAE Systems in a report on Thursday, December 14th. Citigroup restated a “buy” rating and set a GBX 720 ($9.95) price target on shares of BAE Systems in a report on Monday, December 11th. Goldman Sachs Group restated a “conviction-buy” rating and set a GBX 750 ($10.36) price target on shares of BAE Systems in a report on Friday, November 24th. Jefferies Group restated a “hold” rating and set a GBX 615 ($8.50) price target on shares of BAE Systems in a report on Thursday, November 23rd. Finally, Deutsche Bank restated a “buy” rating and set a GBX 730 ($10.09) price target on shares of BAE Systems in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 643.77 ($8.89).
Shares of BAE Systems (LON BA) opened at GBX 588 ($8.12) on Thursday. The firm has a market capitalization of $18,740.00 and a PE ratio of 1,781.82. BAE Systems has a twelve month low of GBX 533.50 ($7.37) and a twelve month high of GBX 682.50 ($9.43).
About BAE Systems
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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