Bae Systems PLC (OTCMKTS:BAESY) Stock Has Consensus Price Target of $113.00

Shares of Bae Systems PLC (OTCMKTS:BAESY) have earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $113.00.

A number of research firms have commented on BAESY. Erste Group Bank cut shares of Bae Systems from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Morgan Stanley reiterated an “overweight” rating on shares of Bae Systems in a research report on Thursday, June 25th. Royal Bank Of Canada initiated coverage on shares of Bae Systems in a research note on Tuesday, August 11th. They issued a “sector perform” rating on the stock. BNP Paribas Exane assumed coverage on shares of Bae Systems in a report on Thursday, September 10th. They issued a “neutral” rating and a $113.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Bae Systems in a report on Tuesday, August 11th.

Institutional Investors Weigh In On Bae Systems

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Bae Systems by 11.6% during the 3rd quarter. GAMMA Investing LLC now owns 4,428 shares of the aerospace company’s stock worth $459,000 after acquiring an additional 459 shares in the last quarter. Confluence Investment Management LLC grew its position in Bae Systems by 0.9% in the 3rd quarter. Confluence Investment Management LLC now owns 13,537 shares of the aerospace company’s stock valued at $1,403,000 after acquiring an additional 117 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Bae Systems by 135.7% during the first quarter. PNC Financial Services Group Inc. now owns 3,983 shares of the aerospace company’s stock worth $464,000 after purchasing an additional 2,293 shares during the period. Collaborative Fund Advisors LLC acquired a new stake in shares of Bae Systems during the first quarter worth about $897,000. Finally, Sterling Capital Management LLC purchased a new position in shares of Bae Systems in the first quarter valued at approximately $1,146,000. 0.21% of the stock is owned by institutional investors and hedge funds.

Bae Systems Stock Up 1.0%

Shares of Bae Systems stock opened at $98.50 on Friday. Bae Systems has a 52 week low of $84.50 and a 52 week high of $126.00. The business’s fifty day simple moving average is $109.85 and its 200-day simple moving average is $108.28.

About Bae Systems

BAE Systems plc is a multinational defense, aerospace and security company headquartered in the United Kingdom. The company develops and supports technology and equipment for governments, armed forces and commercial customers, with activities spanning air, land, sea, space and cyber domains.

Its products and services include combat aircraft and aircraft support, naval vessels and submarines, armored vehicles, artillery systems, electronic warfare and radar equipment, intelligence and cybersecurity solutions, precision weapons, and command-and-control systems.