JPMorgan Chase & Co. Cuts BAE Systems (BA) Price Target to GBX 555

BAE Systems (LON:BA) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from GBX 595 ($8.07) to GBX 555 ($7.53) in a note issued to investors on Friday, January 5th. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential downside of 5.42% from the company’s current price.

BA has been the subject of a number of other reports. Kepler Capital Markets reissued a “buy” rating and issued a GBX 700 ($9.49) price objective on shares of BAE Systems in a research note on Monday, September 18th. Goldman Sachs Group reissued a “conviction-buy” rating and issued a GBX 750 ($10.17) price objective on shares of BAE Systems in a research note on Monday, September 18th. Berenberg Bank cut shares of BAE Systems to a “hold” rating and reduced their price objective for the stock from GBX 700 ($9.49) to GBX 600 ($8.14) in a research note on Tuesday, October 3rd. Citigroup reissued a “buy” rating and issued a GBX 720 ($9.76) price objective on shares of BAE Systems in a research note on Wednesday, October 11th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a GBX 670 ($9.09) target price on shares of BAE Systems in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 647.08 ($8.78).

Shares of BAE Systems (LON:BA) opened at GBX 586.80 ($7.96) on Friday. BAE Systems has a twelve month low of GBX 533.50 ($7.23) and a twelve month high of GBX 682.50 ($9.26). The company has a market cap of $18,660.00 and a P/E ratio of 1,778.18.

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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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