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

BAE Systems (LON:BA) had its price objective hoisted by Credit Suisse Group from GBX 610 ($7.97) to GBX 620 ($8.10) in a report released on Wednesday morning, ThisIsMoney.Co.Uk reports. The firm currently has an outperform rating on the stock.

A number of other analysts also recently commented on BA. Deutsche Bank restated a buy rating on shares of BAE Systems in a report on Friday, November 8th. UBS Group restated a neutral rating on shares of BAE Systems in a report on Thursday, September 12th. DZ Bank upped their price objective on BAE Systems from GBX 630 ($8.23) to GBX 660 ($8.62) and gave the stock a buy rating in a report on Friday, November 8th. Barclays restated 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. Finally, Berenberg Bank upped their price objective on BAE Systems from GBX 560 ($7.32) to GBX 655 ($8.56) and gave the stock a buy rating in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average target price of GBX 600.33 ($7.84).

BA stock opened at GBX 573.20 ($7.49) on Wednesday. The company has a market cap of $18.36 billion and a price-to-earnings ratio of 13.85. The company has a quick ratio of 0.93, a current ratio of 1.06 and a debt-to-equity ratio of 90.79. The business has a fifty day simple moving average of GBX 561.11 and a 200-day simple moving average of GBX 523.08. BAE Systems has a 52 week low of GBX 439.40 ($5.74) and a 52 week high of GBX 590.80 ($7.72).

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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