BAE Systems (LON:BA) Price Target Increased to GBX 660 by Analysts at DZ Bank

BAE Systems (LON:BA) had its target price lifted by DZ Bank from GBX 630 ($8.23) to GBX 660 ($8.62) in a research note published on Friday morning, ThisIsMoney.Co.Uk reports. DZ Bank currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. UBS Group reiterated a neutral rating on shares of BAE Systems in a report on Thursday, September 12th. Barclays reiterated an equal weight rating and set a GBX 550 ($7.19) price objective on shares of BAE Systems in a report on Monday, September 9th. Berenberg Bank lifted their price objective on BAE Systems from GBX 560 ($7.32) to GBX 655 ($8.56) and gave the company a buy rating in a report on Monday, August 5th. Deutsche Bank reiterated a buy rating on shares of BAE Systems in a report on Friday. Finally, JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 530 ($6.93) price objective on shares of BAE Systems in a report 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. BAE Systems has an average rating of Buy and an average price target of GBX 598.11 ($7.82).

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BA traded down GBX 4.40 ($0.06) during midday trading on Friday, reaching GBX 579.60 ($7.57). 4,483,730 shares of the company were exchanged, compared to its average volume of 9,870,000. The company has a debt-to-equity ratio of 90.79, a quick ratio of 0.93 and a current ratio of 1.06. BAE Systems has a one year low of GBX 439.40 ($5.74) and a one year high of GBX 590.80 ($7.72). The stock has a market capitalization of $18.56 billion and a P/E ratio of 14.00. The stock’s 50-day simple moving average is GBX 560.48 and its 200 day simple moving average is GBX 520.78.

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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