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

Key Points

• BAE Systems has a consensus “Hold” rating from eight analysts: six recommend holding the stock and two recommend buying it. The average 12-month price target is $113.00.
• Recent analyst actions have been mixed but generally cautious, including new “neutral” and “sector perform” ratings, a downgrade from “buy” to “hold,” and one reaffirmed “overweight” rating.
• BAESY opened at $102.11, below its 50-day and 200-day moving averages of $110.92 and $109.13, respectively; the stock’s 52-week range is $84.50 to $126.00.

Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) has been given a consensus rating of "Hold" by the eight ratings firms that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $113.00.

BAESY has been the subject of several recent research reports. BNP Paribas Exane started coverage on Bae Systems in a research note on Thursday, September 10th. They issued a "neutral" rating and a $113.00 price objective for the company. Royal Bank Of Canada started coverage on shares of Bae Systems in a research note on Tuesday, August 11th. They set a "sector perform" rating on the stock. Erste Group Bank downgraded shares of Bae Systems from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Bae Systems in a report on Tuesday, August 11th. Finally, Morgan Stanley restated an "overweight" rating on shares of Bae Systems in a report on Thursday, June 25th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BAESY. GAMMA Investing LLC boosted its holdings in Bae Systems by 2.5% in the second quarter. GAMMA Investing LLC now owns 3,969 shares of the aerospace company's stock valued at $389,000 after purchasing an additional 96 shares in the last quarter. Confluence Investment Management LLC raised its holdings in Bae Systems by 0.9% during the second quarter. Confluence Investment Management LLC now owns 13,420 shares of the aerospace company's stock worth $1,314,000 after purchasing an additional 115 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Bae Systems by 9.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company's stock valued at $157,000 after buying an additional 140 shares in the last quarter. First Merchants Corp grew its position in shares of Bae Systems by 1.3% in the 1st quarter. First Merchants Corp now owns 68,422 shares of the aerospace company's stock valued at $7,940,000 after buying an additional 854 shares during the last quarter. Finally, Sit Investment Associates Inc. grew its position in shares of Bae Systems by 2.6% in the 4th quarter. Sit Investment Associates Inc. now owns 35,476 shares of the aerospace company's stock valued at $3,295,000 after buying an additional 910 shares during the last quarter. 0.21% of the stock is owned by institutional investors and hedge funds.

Bae Systems Price Performance

Shares of BAESY stock opened at $102.11 on Friday. The firm has a 50 day moving average of $110.92 and a two-hundred day moving average of $109.13. Bae Systems has a 52 week low of $84.50 and a 52 week high of $126.00.

Bae Systems Company Profile

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.

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