Bae Systems PLC (OTCMKTS:BAESY) Stock Now Rated “Hold” by Wall Street Analysts

Bae Systems PLC (OTCMKTS:BAESY – Get Free Report) has received an average recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $113.00.

A number of equities research analysts recently weighed in on the stock. BNP Paribas Exane assumed coverage on shares of Bae Systems in a research note on Thursday, September 10th. They issued a “neutral” rating and a $113.00 target price on the stock. Royal Bank Of Canada began coverage on shares of Bae Systems in a research note on Tuesday, August 11th. They issued a “sector perform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Bae Systems in a report on Tuesday, August 11th.

Check Out Our Latest Stock Report on BAESY

Bae Systems Trading Up 1.0%

OTCMKTS BAESY opened at $108.44 on Wednesday. The company’s 50 day simple moving average is $106.19 and its two-hundred day simple moving average is $109.37. Bae Systems has a 1 year low of $84.50 and a 1 year high of $126.00.

Hedge Funds Weigh In On Bae Systems

Several institutional investors and hedge funds have recently bought and sold shares of BAESY. GAMMA Investing LLC grew its holdings in shares of Bae Systems by 2.5% in the second quarter. GAMMA Investing LLC now owns 3,969 shares of the aerospace company’s stock worth $389,000 after purchasing an additional 96 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Bae Systems by 135.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,983 shares of the aerospace company’s stock valued at $464,000 after buying an additional 2,293 shares during the last quarter. Collaborative Fund Advisors LLC bought a new stake in Bae Systems during the 1st quarter valued at $897,000. Sterling Capital Management LLC boosted its position in Bae Systems by 1.5% during the 3rd quarter. Sterling Capital Management LLC now owns 9,230 shares of the aerospace company’s stock valued at $960,000 after buying an additional 134 shares during the period. Finally, Confluence Investment Management LLC boosted its position in Bae Systems by 0.9% during the 2nd quarter. Confluence Investment Management LLC now owns 13,420 shares of the aerospace company’s stock valued at $1,314,000 after buying an additional 115 shares during the period. 0.21% of the stock is currently owned by institutional investors.

Bae Systems Company Profile

(Get Free Report)

BAE Systems plc is a United Kingdom-based defense, aerospace and security company that develops and supports technologies for governments and military customers. Its activities include the design, manufacture and maintenance of combat aircraft, naval vessels, armored vehicles, artillery systems, electronic warfare equipment, command-and-control systems, and secure communications technologies.

The company also provides cybersecurity, intelligence, surveillance and reconnaissance services, as well as advanced electronics, sensors, precision weapons and space-related technologies.

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