Equities research analysts at Cheuvreux assumed coverage on shares of BAE Systems (OTCMKTS:BAESY) in a report released on Thursday, The Fly reports. The brokerage set a “buy” rating on the aerospace company’s stock.
A number of other analysts have also recently weighed in on the company. Morgan Stanley reissued an “overweight” rating on shares of BAE Systems in a research report on Friday, July 30th. Kepler Capital Markets assumed coverage on BAE Systems in a research report on Thursday. They issued a “buy” rating for the company. JPMorgan Chase & Co. cut BAE Systems from an “overweight” rating to a “neutral” rating in a research report on Wednesday, August 4th. Zacks Investment Research cut BAE Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, October 5th. Finally, UBS Group reaffirmed a “neutral” rating on shares of BAE Systems in a research report on Monday, August 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $31.00.
Shares of BAE Systems stock traded up $0.29 during trading on Thursday, reaching $33.01. The company’s stock had a trading volume of 827,442 shares, compared to its average volume of 246,096. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 1.01. The company has a market cap of $26.37 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 2.31 and a beta of 1.23. BAE Systems has a 1-year low of $20.67 and a 1-year high of $33.06. The company has a 50-day simple moving average of $31.44 and a two-hundred day simple moving average of $30.25.
About BAE Systems
BAE Systems Plc engages in the provision of a full range of products and services for air, land, and naval forces; advanced electronics; security, information technology solutions; and support services. It operates through the following segments: Electronic Systems, Cyber and Intelligence, Platforms and Services (US), Air, Maritime, and Headquarters.
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