Bae Systems PLC (OTCMKTS:BAESY) Stock Now Rated “Hold” by Sell-Side Analysts

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

Several brokerages have recently commented on BAESY. BNP Paribas Exane started 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. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Bae Systems in a research report on Tuesday, August 11th. Finally, Royal Bank Of Canada started coverage on shares of Bae Systems in a report on Tuesday, August 11th. They issued a “sector perform” rating on the stock.

Bae Systems Stock Performance

BAESY opened at $110.20 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $105.67 and its 200-day moving average is $109.33. Bae Systems has a twelve month low of $84.50 and a twelve month high of $126.00.

Institutional Investors Weigh In On Bae Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Henry James International Management Inc. raised its position in shares of Bae Systems by 15.8% in the 3rd quarter. Henry James International Management Inc. now owns 30,099 shares of the aerospace company’s stock worth $3,131,000 after acquiring an additional 4,102 shares in the last quarter. Confluence Investment Management LLC lifted its position in shares of Bae Systems by 0.9% during the 3rd quarter. Confluence Investment Management LLC now owns 13,537 shares of the aerospace company’s stock valued at $1,403,000 after buying an additional 117 shares in the last quarter. Sterling Capital Management LLC purchased a new stake in shares of Bae Systems during the first quarter worth approximately $1,146,000. Collaborative Fund Advisors LLC acquired a new position in shares of Bae Systems during the 1st quarter valued at about $897,000. Finally, PNC Financial Services Group Inc. increased its position in shares of 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 worth $464,000 after purchasing an additional 2,293 shares during the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

About Bae Systems

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.