BAE Systems’ (BA) Buy Rating Reaffirmed at Deutsche Bank – GCR
BAE Systems (LON:BA)‘s stock had its “buy” rating reissued by analysts at Deutsche Bank in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports.
Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 530 ($6.93) price target on shares of BAE Systems in a research note on Wednesday, July 17th. Barclays reiterated an “equal weight” rating and issued a GBX 550 ($7.19) price target on shares of BAE Systems in a research note on Monday, September 9th. Berenberg Bank upped their price target on shares of BAE Systems from GBX 560 ($7.32) to GBX 655 ($8.56) and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, UBS Group reiterated a “neutral” rating on shares of BAE Systems in a research note on Thursday, September 12th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. BAE Systems presently has an average rating of “Buy” and an average target price of GBX 598.11 ($7.82).
BAE Systems stock traded down GBX 4.40 ($0.06) during mid-day trading on Friday, reaching GBX 579.60 ($7.57). The stock had a trading volume of 4,483,730 shares, compared to its average volume of 9,870,000. The company has a market capitalization of $18.56 billion and a price-to-earnings ratio of 14.00. The company has a 50-day moving average price of GBX 560.48 and a two-hundred day moving average price of GBX ....