BAE Systems (BA) Price Target Cut to GBX 590
BAE Systems (LON:BA) had its target price cut by Berenberg Bank from GBX 700 ($9.15) to GBX 590 ($7.71) in a research report report published on Wednesday morning. They currently have a buy rating on the stock.
Other analysts have also recently issued reports about the stock. Citigroup restated a buy rating and set a GBX 750 ($9.80) price target on shares of BAE Systems in a research note on Wednesday, September 19th. Morgan Stanley restated an overweight rating on shares of BAE Systems in a research note on Wednesday, September 26th. Deutsche Bank upped their price target on shares of BAE Systems from GBX 708 ($9.25) to GBX 720 ($9.41) and gave the company a buy rating in a research note on Friday, September 28th. Credit Suisse Group upgraded shares of BAE Systems to an outperform rating and upped their price target for the company from GBX 630 ($8.23) to GBX 640 ($8.36) in a research note on Friday, November 2nd. Finally, JPMorgan Chase & Co. upgraded shares of BAE Systems to a neutral rating and dropped their price target for the company from GBX 695 ($9.08) to GBX 625 ($8.17) in a research note on Friday, November 23rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. BAE Systems has an average rating of Buy and a consensus price target of GBX 645.82 ($8.44).
BA opened at GBX 497 ($6.49) on Wednesday. BAE Systems has a twelve month low of GBX 533.50 ($6.97) and a twelve month high of GBX 682.50 ($8.92).
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.
Recommended Story: Conference Calls
Receive News & Ratings for BAE Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BAE Systems and related companies with MarketBeat.com's FREE daily email newsletter.