Bae Systems (BAESY) Upgraded to “Buy” by UBS Group
UBS Group upgraded shares of Bae Systems (OTCMKTS:BAESY) from a neutral rating to a buy rating in a research report sent to investors on Wednesday, 99wallstreet.com reports.
A number of other equities research analysts have also issued reports on the company. Zacks Investment Research raised Bae Systems from a hold rating to a buy rating and set a $36.00 target price on the stock in a research report on Wednesday, September 13th. Berenberg Bank lowered Bae Systems from a buy rating to a hold rating in a research report on Tuesday, October 3rd. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $38.00.
Shares of Bae Systems (BAESY) traded up $0.64 during trading on Wednesday, hitting $32.31. The stock had a trading volume of 280,145 shares, compared to its average volume of 186,382. The company has a current ratio of 0.98, a quick ratio of 0.87 and a debt-to-equity ratio of 1.22. Bae Systems has a 12 month low of $28.51 and a 12 month high of $35.23.
About Bae Systems
BAE Systems plc is a defense, aerospace and security company. The Company operates through five segments. The Electronic Systems segment consists of the Company’s United States and United Kingdom-based electronics activities. The Cyber & Intelligence segment consists of its United States-based Intelligence & Security business and United Kingdom-based Applied Intelligence business, and covers the Company’s cyber, secure government, and commercial and financial security activities.
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