BAE Systems’ (BA) Hold Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of BAE Systems (LON:BA) in a report issued on Thursday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 2,100 price objective on the stock.

Several other research analysts have also weighed in on BA. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,200 target price on shares of BAE Systems in a research report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their price target on shares of BAE Systems from GBX 2,400 to GBX 2,450 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Deutsche Bank boosted their price target on BAE Systems from GBX 2,140 to GBX 2,325 and gave the stock a “hold” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, BAE Systems currently has a consensus rating of “Hold” and an average price target of GBX 2,275.

BAE Systems Stock Down 0.5%

Shares of LON BA opened at GBX 1,886 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.02 and a debt-to-equity ratio of 73.96. BAE Systems has a 52 week low of GBX 1,012.50 and a 52 week high of GBX 1,415.25. The firm has a 50-day moving average price of GBX 1,953.81 and a 200 day moving average price of GBX 2,026.38. The stock has a market capitalization of £58.39 billion, a price-to-earnings ratio of 32.36, a price-to-earnings-growth ratio of 3.33 and a beta of 0.01.

Recent BAE Systems Headlines

Here are a few of the latest headlines about BA:

• Positive Sentiment: BAE won a $138 million U.S. Navy contract to supply propulsors for Virginia-class submarines. The award adds to its defense-program work and provides further contract revenue. BAE Systems awarded $138 million contract for Virginia-class submarine propulsors
• Positive Sentiment: BAE is adding Echodyne’s EchoShield radar to its BATS counter-drone system, broadening the system’s detection capabilities and potentially strengthening its product offering. BAE Adds Echodyne’s EchoShield to BATS Drone Defense System
• Neutral Sentiment: Sea trials for BAE’s HERNE extra-large uncrewed underwater vehicle show development progress, but no contract award or financial value was reported. BAE Systems’ HERNE XLUAV during sea trials

BAE Systems Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.