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).
TRADEMARK VIOLATION NOTICE: This piece was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://ledgergazette.com/2017/12/07/j-p-morgan-chase-co-lowers-bae-systems-plc-ba-price-target-to-gbx-580.html.
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.
Receive News & Ratings for BAE Systems plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BAE Systems plc and related companies with MarketBeat.com's FREE daily email newsletter.