Bae Systems PLC (OTCMKTS:BAESY) Given Consensus Recommendation of “Hold” by Brokerages
Bae Systems PLC (OTCMKTS:BAESY) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company.
Several brokerages have recently weighed in on BAESY. ValuEngine upgraded Bae Systems PLC from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised Bae Systems PLC from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Monday, May 29th. Finally, J P Morgan Chase & Co cut Bae Systems PLC from an “overweight” rating to a “neutral” rating in a research report on Friday, June 23rd.
A number of hedge funds have recently added to or reduced their stakes in the company. Boyd Watterson Asset Management LLC OH increased its stake in Bae Systems PLC by 0.5% in the second quarter. Boyd Watterson Asset Management LLC OH now owns 7,176 shares of the aerospace company’s stock worth $236,000 after buying an additional 36 shares during the last quarter. Eqis Capital Management Inc. increased its stake in Bae Systems PLC by 14.1% in the first quarter. Eqis Capital Management Inc. now owns 8,702 shares of the aerospace company’s stock worth $282,000 after buying an additional 1,075 shares during the last quarter. Hartwell J M Limited Partnership purchased a new stake in Bae Systems PLC during the first quarter worth about $435,000. Moody Lynn & Lieberson LLC purchased a new stake in Bae Systems PLC during the second quarter worth about $530,000. Finally, Geneva Advisors LLC purchased a new stake in Bae Systems PLC during the second quarter worth about $860,000. 0.41% of the stock is currently owned by institutional investors and hedge funds.
Bae Systems PLC (OTCMKTS:BAESY) traded up 0.20% on Friday, reaching $30.78. 42,758 shares of the company’s stock traded hands. Bae Systems PLC has a 12 month low of $25.94 and a 12 month high of $35.23.
The firm also recently announced a None dividend, which will be paid on Thursday, December 7th. Investors of record on Friday, October 20th will be paid a dividend of $0.437 per share. The ex-dividend date of this dividend is Thursday, October 19th.
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Bae Systems PLC Company Profile
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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