JPMorgan Chase & Co. Forecasts Strong Price Appreciation for BAE Systems (LON:BA) Stock

BAE Systems (LON:BA - Get Free Report) had its price objective lifted by JPMorgan Chase & Co. from GBX 1,630 ($20.71) to GBX 1,725 ($21.92) in a research report issued on Monday, MarketBeat reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 22.64% from the stock's previous close.

Several other brokerages have also recently commented on BA. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,440 ($18.30) target price on shares of BAE Systems in a report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 1,510 ($19.19) price objective on shares of BAE Systems in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,513 ($19.23).

BAE Systems Price Performance

Shares of LON:BA traded up GBX 15 ($0.19) during trading on Monday, hitting GBX 1,406.50 ($17.87). 14,825,999 shares of the company were exchanged. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 94.02. BAE Systems has a 1-year low of GBX 1,012.50 ($12.87) and a 1-year high of GBX 1,415.25 ($17.99). The company has a market capitalization of £43.54 billion, a P/E ratio of 24.13, a price-to-earnings-growth ratio of 3.33 and a beta of 0.33. The business's 50 day moving average is GBX 1,224.18 and its 200-day moving average is GBX 1,266.29.

BAE Systems (LON:BA - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported GBX 68.50 ($0.87) earnings per share (EPS) for the quarter. BAE Systems had a return on equity of 16.87% and a net margin of 7.49%. Equities 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.