Berenberg Bank Forecasts Strong Price Appreciation for BAE Systems (LON:BA) Stock

BAE Systems (LON:BA) had its price target lifted by stock analysts at Berenberg Bank from GBX 2,000 to GBX 2,300 in a research note issued on Thursday, MarketBeat Ratings reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 3.88% from the stock’s current price.

Separately, Jefferies Financial Group cut shares of BAE Systems to a “hold” rating and lifted their price objective for the company from GBX 2,060 to GBX 2,120 in a research note on Monday, February 2nd. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, BAE Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,208.

BAE Systems Stock Performance

BA opened at GBX 2,214 on Thursday. BAE Systems has a 52-week low of GBX 1,012.50 and a 52-week high of GBX 1,415.25. The company has a quick ratio of 0.91, a current ratio of 0.99 and a debt-to-equity ratio of 89.65. The company has a market cap of £68.54 billion, a P/E ratio of 37.98, a price-to-earnings-growth ratio of 3.33 and a beta of 0.01. The firm’s 50-day moving average price is GBX 1,993.32 and its 200-day moving average price is GBX 1,882.66.

BAE Systems (LON:BA) last issued its earnings results on Wednesday, February 18th. The company reported GBX 75.20 earnings per share (EPS) for the quarter. BAE Systems had a return on equity of 18.23% and a net margin of 7.28%. As a group, equities analysts anticipate that BAE Systems will post 73.537927 EPS for the current fiscal year.

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.