Royal Bank Of Canada Keeps BAE Systems Rating at 'Sector Perform'

BAE Systems (LON:BA) has been given a 'sector perform' rating by Royal Bank Of Canada, which implies a potential downside of 1.96% from its current price.

The bank currently has a GBX 2,200 target price on the stock, suggesting that it believes the company's shares are slightly overvalued at their current price.

This is not the only opinion on BAE Systems' valuation, as other analysts have given the company different ratings and price targets. JPMorgan Chase & Co., for example, has an 'overweight' rating and a GBX 2,450 target price, while Jefferies Financial Group has a 'hold' rating and a GBX 2,100 price objective.

BAE Systems' current share price is GBX 2,244, which is a 1.11% increase from its opening price on Tuesday.