Credit Suisse Group Lowers BAE Systems (LON:BA) Price Target to GBX 645

BAE Systems (LON:BA) had its price objective lowered by equities researchers at Credit Suisse Group from GBX 690 ($8.49) to GBX 645 ($7.94) in a report issued on Monday, MarketBeat reports. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s target price would suggest a potential upside of 33.43% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Goldman Sachs Group lowered their price objective on shares of BAE Systems from GBX 611 ($7.52) to GBX 560 ($6.89) and set a “neutral” rating on the stock in a research note on Friday, June 12th. Jefferies Financial Group reiterated a “hold” rating on shares of BAE Systems in a research report on Friday, June 26th. Barclays restated an “overweight” rating and issued a GBX 760 ($9.35) price objective on shares of BAE Systems in a report on Friday, May 15th. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 625 ($7.69) target price on shares of BAE Systems in a research note on Thursday, June 11th. Finally, Deutsche Bank reiterated a “buy” rating on shares of BAE Systems in a research report on Friday, June 26th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. BAE Systems currently has an average rating of “Buy” and an average price target of GBX 642.58 ($7.91).

BAE Systems stock opened at GBX 483.40 ($5.95) on Monday. BAE Systems has a 52 week low of GBX 5.69 ($0.07) and a 52 week high of GBX 672.80 ($8.28). The stock has a market cap of $15.54 billion and a price-to-earnings ratio of 10.49. The company’s 50-day moving average price is GBX 503.98 and its two-hundred day moving average price is GBX 556.69. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 87.37.

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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