JPMorgan Chase & Co. Cuts BAE Systems (BA) Price Target to GBX 555

BAE Systems (LON:BA) had its target price reduced by JPMorgan Chase & Co. from GBX 595 ($7.96) to GBX 555 ($7.42) in a research note published on Friday morning. They currently have a neutral rating on the stock.

Several other research firms have also recently commented on BA. Berenberg Bank cut shares of BAE Systems to a hold rating and lowered their price target for the company from GBX 700 ($9.36) to GBX 600 ($8.02) in a report on Tuesday, October 3rd. Deutsche Bank restated a buy rating and set a GBX 670 ($8.96) price target on shares of BAE Systems in a report on Wednesday, October 11th. Citigroup restated a buy rating and set a GBX 720 ($9.63) price target on shares of BAE Systems in a report on Wednesday, October 11th. Jefferies Group restated a hold rating and set a GBX 615 ($8.22) price target on shares of BAE Systems in a report on Monday, November 13th. Finally, Goldman Sachs Group restated a buy rating on shares of BAE Systems in a report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of GBX 647.08 ($8.65).

BAE Systems (BA) opened at GBX 572 ($7.65) on Friday. BAE Systems has a 52-week low of GBX 533.50 ($7.13) and a 52-week high of GBX 682.50 ($9.13). The firm has a market cap of $18,220.00 and a P/E ratio of 1,733.33.

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About BAE Systems

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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