Credit Suisse Group Increases BAE Systems (LON:BA) Price Target to GBX 620

BAE Systems (LON:BA) had its price objective boosted by Credit Suisse Group from GBX 610 ($7.97) to GBX 620 ($8.10) in a research note published on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have an outperform rating on the stock.

BA has been the subject of several other reports. DZ Bank lifted their price objective on shares of BAE Systems from GBX 630 ($8.23) to GBX 660 ($8.62) and gave the stock a buy rating in a research report on Friday, November 8th. Berenberg Bank lifted their price objective 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 report on Monday, August 5th. Deutsche Bank reaffirmed a buy rating on shares of BAE Systems in a research report on Friday, November 8th. Barclays reaffirmed an equal weight rating and set a GBX 550 ($7.19) price objective on shares of BAE Systems in a research report on Monday, September 9th. Finally, UBS Group reissued a neutral rating on shares of BAE Systems in a research report on Thursday, September 12th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of GBX 600.33 ($7.84).

Shares of BAE Systems stock traded up GBX 1.60 ($0.02) during trading on Wednesday, hitting GBX 573.20 ($7.49). 3,960,221 shares of the stock were exchanged, compared to its average volume of 9,870,000. The stock has a market cap of $18.36 billion and a price-to-earnings ratio of 13.85. The firm’s 50-day moving average price is GBX 561.11 and its 200 day moving average price is GBX 523.08. BAE Systems has a 12-month low of GBX 439.40 ($5.74) and a 12-month high of GBX 590.80 ($7.72). The company has a debt-to-equity ratio of 90.79, a current ratio of 1.06 and a quick ratio of 0.93.

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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