Bae Systems PLC (OTCMKTS:BAESY) was downgraded by stock analysts at Berenberg Bank from a “buy” rating to a “hold” rating in a report released on Tuesday.

Several other equities analysts also recently weighed in on BAESY. Zacks Investment Research raised Bae Systems PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. J P Morgan Chase & Co lowered shares of Bae Systems PLC from an “overweight” rating to a “neutral” rating in a research note on Friday, June 23rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Bae Systems PLC has a consensus rating of “Buy” and an average target price of $36.00.

Bae Systems PLC (BAESY) opened at 34.09 on Tuesday. Bae Systems PLC has a one year low of $25.94 and a one year high of $35.23. The firm’s 50-day moving average is $32.48 and its 200 day moving average is $32.85.

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Institutional investors have recently bought and sold shares of the company. Schafer Cullen Capital Management Inc. raised its stake in shares of Bae Systems PLC by 4.3% in the second quarter. Schafer Cullen Capital Management Inc. now owns 2,400,486 shares of the aerospace company’s stock valued at $80,512,000 after acquiring an additional 98,655 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Bae Systems PLC by 10.7% in the second quarter. Parametric Portfolio Associates LLC now owns 506,764 shares of the aerospace company’s stock valued at $16,997,000 after purchasing an additional 49,177 shares during the period. Geneva Advisors LLC purchased a new position in Bae Systems PLC in the second quarter valued at $860,000. Moody Lynn & Lieberson LLC purchased a new position in Bae Systems PLC in the second quarter valued at $530,000. Finally, Ranger International Management LP purchased a new position in Bae Systems PLC in the second quarter valued at $500,000. 0.43% of the stock is currently owned by institutional investors and hedge funds.

About Bae Systems PLC

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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