BAE Systems’ (BA) Buy Rating Reaffirmed at Kepler Capital Markets
BAE Systems (LON:BA)‘s stock had its “buy” rating reaffirmed by research analysts at Kepler Capital Markets in a research report issued on Thursday. They currently have a GBX 700 ($9.42) target price on the stock. Kepler Capital Markets’ target price points to a potential upside of 24.33% from the stock’s previous close.
A number of other research firms also recently weighed in on BA. Berenberg Bank downgraded BAE Systems to a “hold” rating and dropped their target price for the stock 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 set 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 set 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 set a GBX 615 ($8.28) target price on shares of BAE Systems in a research report on Monday, November 13th. Finally, Goldman Sachs Group restated a “buy” rating on shares of BAE Systems in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 650.42 ($8.75).
Shares of BAE Systems (LON:BA) opened at GBX 563 ($7.58) on Thursday. BAE Systems has a 52-week low of GBX 533.50 ($7.18) and a 52-week high of GBX 682.50 ($9.19).
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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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