UBS Group upgraded shares of Bae Systems (OTCMKTS:BAESY) from a neutral rating to a buy rating in a research note released on Wednesday, 99wallstreet.com reports.
Several other analysts have also weighed in on the company. Zacks Investment Research upgraded Bae Systems from a hold rating to a strong-buy rating and set a $38.00 price target on the stock in a report on Thursday, October 12th. Berenberg Bank lowered Bae Systems from a buy rating to a hold rating in a report on Tuesday, October 3rd. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $38.00.
Shares of Bae Systems (BAESY) opened at $32.92 on Wednesday. Bae Systems has a twelve month low of $28.51 and a twelve month high of $35.23. The company has a quick ratio of 0.87, a current ratio of 0.98 and a debt-to-equity ratio of 1.22.
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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