Shares of Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $109.83 and traded as high as $120.94. Bae Systems shares last traded at $120.01, with a volume of 95,036 shares changing hands.
Analysts Set New Price Targets
BAESY has been the subject of several research analyst reports. Kepler Capital Markets upgraded shares of Bae Systems from a "hold" rating to a "buy" rating in a report on Wednesday, June 24th. Erste Group Bank downgraded Bae Systems from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Bae Systems in a research note on Thursday, June 25th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".
Read Our Latest Analysis on Bae Systems
Bae Systems Price Performance
The stock has a 50-day simple moving average of $103.48 and a 200-day simple moving average of $109.83. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.87.
Institutional Investors Weigh In On Bae Systems
Institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in Bae Systems by 2.9% in the second 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 shares of Bae Systems during the fourth quarter valued at $250,000. Altrius Capital Management Inc boosted its position in shares of Bae Systems by 5.5% during the fourth quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company's stock valued at $8,719,000 after buying an additional 4,911 shares during the last quarter. RNC Capital Management LLC lifted its holdings in shares of Bae Systems by 4.2% during 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 position in Bae Systems by 30.1% in the fourth quarter. HighPoint Advisor Group LLC now owns 3,821 shares of the aerospace company's stock worth $355,000 after purchasing an additional 883 shares during the last quarter. Hedge funds and other institutional investors own 0.21% of the company's stock.
About Bae Systems
(
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.
Further Reading
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