Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for BAE Systems (LON:BA)

BAE Systems (LON:BA)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank Aktiengesellschaft in a note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a GBX 2,170 ($29.14) price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 14.27% from the stock’s previous close.

Separately, JPMorgan Chase & Co. increased their price objective on shares of BAE Systems from GBX 2,100 ($28.20) to GBX 2,200 ($29.54) and gave the stock an “overweight” rating in a research report on Monday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,812.50 ($24.34).

BAE Systems Stock Performance

BAE Systems stock opened at GBX 1,899 ($25.50) on Wednesday. The firm has a 50 day simple moving average of GBX 1,860.29 and a 200-day simple moving average of GBX 1,588.57. BAE Systems has a 1-year low of GBX 1,012.50 ($13.60) and a 1-year high of GBX 1,415.25 ($19.00). The company has a debt-to-equity ratio of 94.02, a current ratio of 1.03 and a quick ratio of 0.91. The stock has a market cap of £58.79 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 3.33 and a beta of 0.33.

BAE Systems Company Profile

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.