In a report released yesterday, Andrew Gollan from Berenberg Bank maintained a Buy rating on Lockheed Martin Corp (LMT), with a price target of $410.00. The company’s shares closed last Monday at $373.68, close to its 52-week high of $399.96.
According to TipRanks.com, Gollan is a 4-star analyst with an average return of 11.7% and a 61.2% success rate. Gollan covers the Consumer Goods sector, focusing on stocks such as MTU Aero Engines, Airbus Group SE, and BAE Systems plc.
Lockheed Martin Corp has an analyst consensus of Moderate Buy, with a price target consensus of $396.17, a 9.1% upside from current levels. In a report released yesterday, Cowen & Co. also assigned a Buy rating to the stock with a $395.00 price target.
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Lockheed Martin Corp’s market cap is currently $105.5B and has a P/E ratio of 18.21. The company has a Price to Book ratio of 37.03.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LMT in relation to earlier this year.
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