BAE Systems plc (LON:BA) was up 0% during mid-day trading on Thursday . The company traded as high as GBX 589.20 ($7.99) and last traded at GBX 585.80 ($7.94). Approximately 8,630,000 shares traded hands during mid-day trading, an increase of 20% from the average daily volume of 7,220,000 shares. The stock had previously closed at GBX 585.80 ($7.94).
A number of research firms recently commented on BA. Berenberg Bank cut BAE Systems to a “hold” rating and decreased their price objective for the company from GBX 700 ($9.49) to GBX 600 ($8.14) in a report on Tuesday, October 3rd. Deutsche Bank reiterated a “buy” rating and issued a GBX 670 ($9.09) price objective on shares of BAE Systems in a report on Wednesday, October 11th. Citigroup reiterated a “buy” rating and issued a GBX 720 ($9.76) price objective on shares of BAE Systems in a report on Wednesday, October 11th. Jefferies Group reiterated a “hold” rating and issued a GBX 615 ($8.34) price objective on shares of BAE Systems in a report on Monday, November 13th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of BAE Systems in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 647.08 ($8.78).
The stock has a market capitalization of $18,660.00 and a P/E ratio of 1,775.15.
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BAE Systems Company Profile
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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