Bae Systems PLC (OTCMKTS:BAESY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Bae Systems PLC (OTCMKTS:BAESYGet Free Report) have been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company.

BAESY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Bae Systems in a report on Tuesday, August 11th. Royal Bank Of Canada initiated coverage on shares of Bae Systems in a research note on Tuesday, August 11th. They set a “sector perform” rating on the stock. Erste Group Bank lowered shares of Bae Systems from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Kepler Capital Markets upgraded shares of Bae Systems from a “hold” rating to a “buy” rating in a report on Wednesday, June 24th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Bae Systems in a report on Thursday, June 25th.

Check Out Our Latest Stock Report on BAESY

Institutional Trading of Bae Systems

Several hedge funds have recently modified their holdings of BAESY. Rhumbline Advisers grew its stake in Bae Systems by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company’s stock worth $593,000 after purchasing an additional 158 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Bae Systems during the 4th quarter worth about $250,000. Altrius Capital Management Inc raised its position in Bae Systems by 5.5% in the 4th quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock valued at $8,719,000 after purchasing an additional 4,911 shares in the last quarter. RNC Capital Management LLC boosted its stake in shares of Bae Systems by 4.2% in the 4th quarter. RNC Capital Management LLC now owns 5,655 shares of the aerospace company’s stock valued at $525,000 after buying an additional 227 shares during the period. Finally, HighPoint Advisor Group LLC boosted its stake in shares of Bae Systems by 30.1% in the 4th quarter. HighPoint Advisor Group LLC now owns 3,821 shares of the aerospace company’s stock valued at $355,000 after buying an additional 883 shares during the period. 0.21% of the stock is currently owned by institutional investors and hedge funds.

Bae Systems Stock Down 1.0%

Shares of OTCMKTS BAESY opened at $116.46 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. Bae Systems has a twelve month low of $84.50 and a twelve month high of $126.00. The stock has a fifty day simple moving average of $106.47 and a 200-day simple moving average of $110.42.

Bae Systems Company Profile

(Get Free Report)

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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Analyst Recommendations for Bae Systems (OTCMKTS:BAESY)

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