BAE Systems (LON:BA) PT Raised to GBX 660

BAE Systems (LON:BA) had its price target increased by DZ Bank from GBX 630 ($8.23) to GBX 660 ($8.62) in a report issued on Friday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has a buy rating on the stock.

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BA has been the subject of several other research reports. Deutsche Bank reaffirmed a buy rating on shares of BAE Systems in a research note on Friday. Barclays reaffirmed an equal weight rating and set a GBX 550 ($7.19) target price on shares of BAE Systems in a research note on Monday, September 9th. Berenberg Bank raised their target price on BAE Systems from GBX 560 ($7.32) to GBX 655 ($8.56) and gave the stock a buy rating in a research note on Monday, August 5th. UBS Group reaffirmed a neutral rating on shares of BAE Systems in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 530 ($6.93) target price on shares of BAE Systems in a research note on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. BAE Systems has an average rating of Buy and an average price target of GBX 598.11 ($7.82).

LON BA traded down GBX 4.40 ($0.06) during trading hours on Friday, hitting GBX 579.60 ($7.57). 4,483,730 shares of the company’s stock were exchanged, compared to its average volume of 9,870,000. The stock has a 50-day simple moving average of GBX 560.48 and a 200 day simple moving average of GBX 520.78. BAE Systems has a 1-year low of GBX 439.40 ($5.74) and a 1-year high of GBX 590.80 ($7.72). The firm has a market cap of $18.56 billion and a price-to-earnings ratio of 14.00. The company has a current ratio of 1.06, a quick ratio of 0.93 and a debt-to-equity ratio of 90.79.

About BAE Systems

BAE Systems plc operates as a defense, aerospace, and security company worldwide. Its Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.

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Analyst Recommendations for BAE Systems (LON:BA)

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