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

Shares of Bae Systems PLC (OTCMKTS:BAESY) have earned an average rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $113.00.

Several research analysts recently issued reports on the stock. BNP Paribas Exane started coverage on shares of Bae Systems in a report on Thursday, September 10th. They set a “neutral” rating and a $113.00 price target for the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Bae Systems in a research report on Tuesday, August 11th. Kepler Capital Markets raised Bae Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, June 24th. Morgan Stanley restated an “overweight” rating on shares of Bae Systems in a research note on Thursday, June 25th. Finally, Erste Group Bank lowered Bae Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 25th.

Bae Systems Stock Performance

BAESY stock opened at $96.53 on Friday. The company has a fifty day moving average of $110.44 and a 200-day moving average of $108.50. Bae Systems has a one year low of $84.50 and a one year high of $126.00.

Institutional Trading of Bae Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Collaborative Fund Advisors LLC acquired a new position in Bae Systems during the first quarter worth about $897,000. Sterling Capital Management LLC acquired a new stake in shares of Bae Systems during the 1st quarter valued at approximately $1,146,000. Confluence Investment Management LLC boosted its stake in shares of Bae Systems by 0.9% during the 3rd quarter. Confluence Investment Management LLC now owns 13,537 shares of the aerospace company’s stock worth $1,403,000 after acquiring an additional 117 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Bae Systems by 2.5% in the 2nd quarter. GAMMA Investing LLC now owns 3,969 shares of the aerospace company’s stock worth $389,000 after acquiring an additional 96 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Bae Systems by 135.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,983 shares of the aerospace company’s stock worth $464,000 after acquiring an additional 2,293 shares during the period. Institutional investors and hedge funds own 0.21% of the company’s stock.

About Bae Systems

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.