Bae Systems PLC (OTCMKTS:BAESY) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company.

Several equities research analysts have recently issued reports on BAESY shares. The Goldman Sachs Group began coverage on Bae Systems in a report on Friday, September 19th. They set a "buy" rating on the stock. Kepler Capital Markets cut Bae Systems from a "hold" rating to a "reduce" rating in a report on Monday, July 7th. Jefferies Financial Group upgraded Bae Systems from a "hold" rating to a "buy" rating in a report on Friday, August 1st. Finally, Erste Group Bank began coverage on Bae Systems in a report on Friday, October 3rd. They issued a "buy" rating on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Bae Systems by 16.1% in the third quarter. GAMMA Investing LLC now owns 3,294 shares of the aerospace company's stock valued at $368,000 after acquiring an additional 456 shares during the last quarter. Rhumbline Advisers raised its position in Bae Systems by 2.9% in the second quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company's stock valued at $593,000 after purchasing an additional 158 shares during the period. L & S Advisors Inc raised its position in Bae Systems by 27.2% in the second quarter. L & S Advisors Inc now owns 16,669 shares of the aerospace company's stock valued at $1,751,000 after purchasing an additional 3,562 shares during the period. First Horizon Advisors Inc. raised its position in Bae Systems by 68.7% in the second quarter. First Horizon Advisors Inc. now owns 1,046 shares of the aerospace company's stock valued at $110,000 after purchasing an additional 426 shares during the period. Finally, Yousif Capital Management LLC raised its position in Bae Systems by 8.1% in the second quarter. Yousif Capital Management LLC now owns 9,238 shares of the aerospace company's stock valued at $955,000 after purchasing an additional 690 shares during the period. Institutional investors and hedge funds own 0.21% of the company's stock.

Bae Systems Stock Performance

BAESY stock opened at $104.59 on Tuesday. Bae Systems has a 52-week low of $56.19 and a 52-week high of $111.96. The stock's fifty day simple moving average is $101.68 and its 200-day simple moving average is $98.78.

About Bae Systems

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.

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