Shares of Bae Systems PLC (OTCMKTS:BAESY) have been given an average recommendation of “Buy” by the eleven brokerages that are presently covering the stock. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $33.00.

BAESY has been the subject of a number of recent analyst reports. Zacks Investment Research cut Bae Systems PLC from a “hold” rating to a “sell” rating in a research note on Thursday, August 25th. Credit Suisse Group AG cut Bae Systems PLC from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 2nd. Beaufort Securities reissued a “buy” rating on shares of Bae Systems PLC in a research note on Sunday, July 31st. Finally, Berenberg Bank raised Bae Systems PLC from a “hold” rating to a “buy” rating in a research note on Friday, August 26th.

Shares of Bae Systems PLC (OTCMKTS:BAESY) opened at 29.64 on Thursday. Bae Systems PLC has a 1-year low of $24.52 and a 1-year high of $31.35. The firm has a 50-day moving average of $0.00 and a 200-day moving average of $0.00.

Several institutional investors have recently modified their holdings of BAESY. Logan Capital Management Inc. boosted its position in shares of Bae Systems PLC by 2.2% in the third quarter. Logan Capital Management Inc. now owns 29,364 shares of the company’s stock valued at $799,000 after buying an additional 626 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Bae Systems PLC by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 20,880 shares of the company’s stock valued at $591,000 after buying an additional 785 shares during the last quarter. Cypress Asset Management Inc. TX increased its stake in Bae Systems PLC by 2.9% in the third quarter. Cypress Asset Management Inc. TX now owns 59,850 shares of the company’s stock valued at $1,636,000 after buying an additional 1,700 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in Bae Systems PLC by 156.7% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 29,775 shares of the company’s stock valued at $834,000 after buying an additional 18,175 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. increased its stake in Bae Systems PLC by 157.4% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 296,432 shares of the company’s stock valued at $8,306,000 after buying an additional 181,250 shares during the last quarter. 0.43% of the stock is owned by institutional investors.

Bae Systems PLC Company Profile

BAE Systems plc is a defense, aerospace and security company. Its segments include Electronic Systems, which consist of the Company’s United States and United Kingdom-based electronics activities; Cyber & Intelligence, which consists of its United States-based Intelligence & Security business and the United Kingdom-headquartered applied intelligence business; Platforms & Services (US), which produces combat vehicles, weapons and munitions; Platforms & Services (UK), which consist of its United Kingdom-based air, maritime, combat vehicle, munitions and shared services activities; Platforms & Services (International), which consist of the Company’s businesses in Saudi Arabia, Australia and Oman, together with its interest in the MBDA joint venture, and HQ, which comprises the Company’s head office activities, together with approximately 49% interest in Air Astana.

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