DZ Bank Increases BAE Systems (LON:BA) Price Target to GBX 660

BAE Systems (LON:BA) had its price target hoisted by investment analysts at DZ Bank from GBX 630 ($8.23) to GBX 660 ($8.62) in a research report issued to clients and investors on Friday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “buy” rating on the stock. DZ Bank’s price target would indicate a potential upside of 13.87% from the stock’s current price.

Several other equities analysts have also commented on BA. Deutsche Bank reaffirmed a “buy” rating on shares of BAE Systems in a research note on Friday. UBS Group reaffirmed a “neutral” rating on shares of BAE Systems in a research note on Thursday, September 12th. Berenberg Bank upped their price target on BAE Systems from GBX 560 ($7.32) to GBX 655 ($8.56) and gave the company a “buy” rating in a research note on Monday, August 5th. Barclays reaffirmed 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. Finally, JPMorgan Chase & Co. reaffirmed 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 598.11 ($7.82).

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Shares of BAE Systems stock traded down GBX 4.40 ($0.06) during trading hours on Friday, hitting GBX 579.60 ($7.57). The company’s stock had a trading volume of 4,483,730 shares, compared to its average volume of 9,870,000. BAE Systems has a twelve month low of GBX 439.40 ($5.74) and a twelve month high of GBX 590.80 ($7.72). The firm has a fifty day moving average of GBX 560.48 and a 200-day moving average of GBX 520.78. The stock has a market cap of $18.56 billion and a price-to-earnings ratio of 14.00. The company has a debt-to-equity ratio of 90.79, a quick ratio of 0.93 and a current ratio of 1.06.

About BAE Systems

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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