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BAE Systems PLC (NASDAQ:BAESY) was downgraded by research analysts at Investec to a “hold” rating in a report released on Tuesday.

Several other analysts have also recently commented on the stock. Analysts at Westhouse Securities initiated coverage on shares of BAE Systems PLC in a research note on Thursday, June 19th. They set a “sell” rating on the stock. Separately, analysts at Berenberg Bank initiated coverage on shares of BAE Systems PLC in a research note on Tuesday, June 17th. They set a “hold” rating on the stock. Finally, analysts at Canaccord Genuity initiated coverage on shares of BAE Systems PLC in a research note on Monday, April 28th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold”.

Shares of BAE Systems PLC (NASDAQ:BAESY) traded up 0.31% during mid-day trading on Tuesday, hitting $29.12. 104,728 shares of the company’s stock traded hands. BAE Systems PLC has a 1-year low of $23.40 and a 1-year high of $30.24. The stock’s 50-day moving average is $28.26 and its 200-day moving average is $28.00. The company has a market cap of $23.348 billion and a P/E ratio of 81.54.

BAE Systems plc (NASDAQ:BAESY) is a global defence, aerospace and security company.

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