BAE Systems plc (LON:BA) has been assigned a consensus recommendation of “Hold” from the twelve analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 643.92 ($8.90).
A number of analysts recently issued reports on BA shares. JPMorgan Chase & Co. downgraded shares of BAE Systems to an “underweight” rating and decreased their price objective for the stock from GBX 555 ($7.67) to GBX 550 ($7.60) in a report on Friday, February 23rd. Jefferies Group restated a “hold” rating and set a GBX 615 ($8.50) price objective on shares of BAE Systems in a report on Monday, November 13th. Kepler Capital Markets restated a “buy” rating and set a GBX 700 ($9.67) price objective on shares of BAE Systems in a report on Friday, February 16th. Citigroup restated a “buy” rating on shares of BAE Systems in a report on Friday, November 24th. Finally, Goldman Sachs Group restated a “buy” rating on shares of BAE Systems in a report on Monday, December 11th.
BAE Systems (LON BA) traded down GBX 15.80 ($0.22) during midday trading on Tuesday, reaching GBX 580.80 ($8.02). 8,531,191 shares of the company were exchanged, compared to its average volume of 9,860,000. BAE Systems has a 1-year low of GBX 533.50 ($7.37) and a 1-year high of GBX 682.50 ($9.43). The stock has a market capitalization of $18,510.00 and a P/E ratio of 2,151.11.
About BAE Systems
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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