BAE Systems (LON:BA) PT Lowered to GBX 580

BAE Systems (LON:BA) had its price objective reduced by equities researchers at J P Morgan Chase & Co from GBX 610 ($8.21) to GBX 580 ($7.81) in a report issued on Tuesday, November 28th, Marketbeat.com reports. The firm currently has a “neutral” rating on the stock. J P Morgan Chase & Co’s target price points to a potential upside of 3.39% from the stock’s previous close.

A number of other brokerages have also weighed in on BA. Berenberg Bank lowered shares of BAE Systems to a “hold” rating and cut their target price for the company from GBX 700 ($9.42) to GBX 600 ($8.08) in a research report on Tuesday, October 3rd. Deutsche Bank restated a “buy” rating and issued a GBX 670 ($9.02) target price on shares of BAE Systems in a research report on Wednesday, October 11th. Citigroup restated a “buy” rating and issued a GBX 720 ($9.69) target price on shares of BAE Systems in a research report on Wednesday, October 11th. Jefferies Group restated a “hold” rating and issued a GBX 615 ($8.28) target price on shares of BAE Systems in a research report on Monday, November 13th. Finally, Barclays restated an “underweight” rating and issued a GBX 460 ($6.19) target price on shares of BAE Systems in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 648.33 ($8.73).

BAE Systems (LON BA) opened at GBX 561 ($7.55) on Tuesday. BAE Systems has a one year low of GBX 533.50 ($7.18) and a one year high of GBX 682.50 ($9.19).

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BAE Systems Company Profile

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.

Analyst Recommendations for BAE Systems (LON:BA)

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