BAE Systems (LON:BA) Price Target Raised to GBX 2,200

BAE Systems (LON:BA) had its price target raised by equities research analysts at JPMorgan Chase & Co. from GBX 2,100 ($28.12) to GBX 2,200 ($29.46) in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 15.15% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on BAE Systems from GBX 1,510 ($20.22) to GBX 1,900 ($25.44) and gave the stock a “buy” rating in a report on Friday, April 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,745 ($23.36).

BAE Systems Stock Up 0.6%

Shares of BA opened at GBX 1,910.50 ($25.58) on Monday. The company has a market capitalization of £59.15 billion, a PE ratio of 32.78, a PEG ratio of 3.33 and a beta of 0.33. BAE Systems has a 12 month low of GBX 1,012.50 ($13.56) and a 12 month high of GBX 1,415.25 ($18.95). The stock’s 50-day moving average price is GBX 1,855.42 and its two-hundred day moving average price is GBX 1,581.63. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 94.02.

About BAE Systems

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.