Bae Systems PLC (OTCMKTS:BAESY – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $110.46 and traded as high as $116.55. Bae Systems shares last traded at $116.16, with a volume of 103,083 shares traded.
Analyst Ratings Changes
A number of research firms have commented on BAESY. Erste Group Bank downgraded shares of Bae Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Royal Bank Of Canada began coverage on shares of Bae Systems in a report on Tuesday, August 11th. They set a “sector perform” rating on the stock. Kepler Capital Markets upgraded shares of Bae Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, June 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of Bae Systems in a research report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Bae Systems in a research note on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on BAESY
Bae Systems Price Performance
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of BAESY. Atlas Capital Advisors Inc. bought a new stake in shares of Bae Systems during the fourth quarter valued at approximately $98,000. PNC Financial Services Group Inc. boosted its position in shares of Bae Systems by 9.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company’s stock worth $157,000 after buying an additional 140 shares during the period. Riverbridge Partners LLC bought a new position in Bae Systems in the 1st quarter worth approximately $221,000. Kingswood Wealth Advisors LLC acquired a new stake in Bae Systems in the 4th quarter valued at approximately $250,000. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new stake in Bae Systems in the 1st quarter valued at approximately $307,000. Institutional investors own 0.21% of the company’s stock.
About Bae Systems
BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.
BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.
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