Barclays reissued their equal weight rating on shares of BAE Systems (LON:BA) in a research report released on Wednesday morning, Digital Look reports. Barclays currently has a GBX 550 ($7.19) target price on the stock.
Other equities research analysts have also recently issued research reports about the stock. Berenberg Bank lifted their price objective on shares of BAE Systems from GBX 560 ($7.32) to GBX 655 ($8.56) and gave the company a buy rating in a research report on Monday, August 5th. Deutsche Bank reiterated a buy rating on shares of BAE Systems in a research report on Friday, November 8th. Credit Suisse Group lifted their price objective on shares of BAE Systems from GBX 610 ($7.97) to GBX 620 ($8.10) and gave the company an outperform rating in a research report on Wednesday. UBS Group reiterated a neutral rating on shares of BAE Systems in a research report on Thursday, September 12th. Finally, JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 530 ($6.93) price objective on shares of BAE Systems in a research report on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of GBX 600.33 ($7.84).
Shares of BAE Systems stock traded up GBX 1.60 ($0.02) on Wednesday, hitting GBX 573.20 ($7.49). 3,845,166 shares of the company traded hands, compared to its average volume of 9,870,000. The stock has a market capitalization of $18.36 billion and a P/E ratio of 13.85. The company has a debt-to-equity ratio of 90.79, a quick ratio of 0.93 and a current ratio of 1.06. BAE Systems has a 52 week low of GBX 439.40 ($5.74) and a 52 week high of GBX 590.80 ($7.72). The business has a 50-day simple moving average of GBX 561.11 and a 200 day simple moving average of GBX 523.08.
BAE Systems Company Profile
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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