Goldman Sachs Group Inc Reiterates “Conviction-Buy” Rating for BAE Systems plc (BA)
Goldman Sachs Group Inc reissued their conviction-buy rating on shares of BAE Systems plc (LON:BA) in a research note published on Friday. The firm currently has a GBX 750 ($10.00) price target on the stock.
Several other analysts have also issued reports on the company. Berenberg Bank lowered BAE Systems to a hold rating and cut their price target for the company from GBX 700 ($9.33) to GBX 600 ($8.00) in a report on Tuesday, October 3rd. J P Morgan Chase & Co reissued a neutral rating and set a GBX 610 ($8.13) price target on shares of BAE Systems in a report on Wednesday, September 20th. Deutsche Bank AG reissued a buy rating and set a GBX 670 ($8.93) price target on shares of BAE Systems in a report on Wednesday, October 11th. Citigroup Inc. reissued a buy rating and set a GBX 720 ($9.60) price target on shares of BAE Systems in a report on Wednesday, October 11th. Finally, Barclays PLC reaffirmed an underweight rating and issued a GBX 460 ($6.13) price objective on shares of BAE Systems in a research note on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of GBX 649.58 ($8.66).
Shares of BAE Systems (LON:BA) opened at GBX 543.50 ($7.25) on Friday. BAE Systems has a 1 year low of GBX 533.50 ($7.11) and a 1 year high of GBX 682.50 ($9.10).
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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