BAE Systems plc (LON:BA) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 534 ($7.02) and last traded at GBX 536.36 ($7.05), with a volume of 9250000 shares traded. The stock had previously closed at GBX 536.36 ($7.05).
A number of research analysts have recently weighed in on BA shares. Barclays PLC reaffirmed an “underweight” rating and set a GBX 460 ($6.05) price objective on shares of BAE Systems plc in a research report on Tuesday, August 29th. Beaufort Securities reaffirmed a “buy” rating on shares of BAE Systems plc in a research report on Thursday, August 3rd. Deutsche Bank AG lifted their price objective on BAE Systems plc from GBX 645 ($8.48) to GBX 670 ($8.81) and gave the company a “buy” rating in a research report on Thursday, August 31st. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 630 ($8.29) price objective on shares of BAE Systems plc in a research report on Monday, July 24th. Finally, Kepler Capital Markets reaffirmed a “buy” rating and set a GBX 700 ($9.21) price objective on shares of BAE Systems plc in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 649.58 ($8.54).
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About BAE Systems plc
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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