BAE Systems (LON:BA) had its price objective decreased by stock analysts at JPMorgan Chase & Co. from GBX 765 ($9.41) to GBX 750 ($9.23) in a research report issued on Friday, ThisIsMoney.Co.Uk reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 53.00% from the stock’s previous close.
Several other analysts have also weighed in on the stock. Deutsche Bank reiterated a “buy” rating on shares of BAE Systems in a research note on Friday. Berenberg Bank lowered their price target on shares of BAE Systems from GBX 600 ($7.38) to GBX 590 ($7.26) and set a “buy” rating for the company in a research report on Wednesday, July 1st. Credit Suisse Group lowered their price target on shares of BAE Systems from GBX 690 ($8.49) to GBX 645 ($7.94) and set an “outperform” rating for the company in a research report on Monday, June 29th. Goldman Sachs Group lowered their price target on shares of BAE Systems from GBX 560 ($6.89) to GBX 514 ($6.33) and set a “neutral” rating for the company in a research report on Friday, July 3rd. Finally, Citigroup restated a “buy” rating on shares of BAE Systems in a research report on Thursday, June 18th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of GBX 635 ($7.81).
BA stock opened at GBX 490.20 ($6.03) on Friday. The company has a debt-to-equity ratio of 87.37, a current ratio of 1.01 and a quick ratio of 0.78. BAE Systems has a 1-year low of GBX 4.80 ($0.06) and a 1-year high of GBX 672.80 ($8.28). The firm has a fifty day moving average price of GBX 493.58 and a two-hundred day moving average price of GBX 544.64. The firm has a market cap of $15.76 billion and a price-to-earnings ratio of 10.63.
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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