Citigroup Raises BAE Systems (LON:BA) Price Target to GBX 2,192

BAE Systems (LON:BA) had its target price hoisted by equities researchers at Citigroup from GBX 2,145 ($28.47) to GBX 2,192 ($29.09) in a research note issued on Thursday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 20.67% from the company’s current price.

Other equities analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 2,170 ($28.80) target price on shares of BAE Systems in a research note on Wednesday, July 16th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,770 ($23.49) price objective on shares of BAE Systems in a report on Wednesday.

BAE Systems Stock Up 0.7%

Shares of BAE Systems stock opened at GBX 1,816.50 ($24.11) on Thursday. BAE Systems has a one year low of GBX 1,012.50 ($13.44) and a one year high of GBX 1,415.25 ($18.78). The company has a market cap of £56.24 billion, a P/E ratio of 31.16, a PEG ratio of 3.33 and a beta of 0.33. The company has a debt-to-equity ratio of 94.02, a quick ratio of 0.91 and a current ratio of 1.03. The firm has a fifty day moving average of GBX 1,883.16 and a two-hundred day moving average of GBX 1,640.79.

BAE Systems (LON:BA) last posted its quarterly earnings results on Wednesday, July 30th. The company reported GBX 34.70 ($0.46) earnings per share (EPS) for the quarter. BAE Systems had a net margin of 7.49% and a return on equity of 16.87%. On average, analysts forecast that BAE Systems will post 73.537927 earnings per share for the current year.

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.