Bae Systems PLC (OTCMKTS:BAESY) was downgraded by stock analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Friday, The Fly reports.

BAESY has been the topic of a number of other reports. ValuEngine upgraded shares of Bae Systems PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Bae Systems PLC from a “sell” rating to a “hold” rating in a research report on Monday, April 10th. Finally, Jefferies Group LLC restated a “hold” rating on shares of Bae Systems PLC in a research report on Saturday, February 25th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $39.00.

Analyst Recommendations for Bae Systems PLC (OTCMKTS:BAESY)

Bae Systems PLC (OTCMKTS BAESY) traded down 1.243% during mid-day trading on Friday, hitting $33.765. 26,475 shares of the company were exchanged. The stock has a market cap of $26.80 billion, a P/E ratio of 23.190 and a beta of 0.86. Bae Systems PLC has a 12-month low of $24.52 and a 12-month high of $35.23. The company has a 50 day moving average of $34.06 and a 200 day moving average of $31.71.

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Hedge funds have recently made changes to their positions in the stock. Eqis Capital Management Inc. increased its stake in shares of 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 in the last quarter. Hartwell J M Limited Partnership purchased a new stake in shares of Bae Systems PLC during the first quarter worth $435,000. Ferguson Wellman Capital Management Inc. increased its stake in shares of Bae Systems PLC by 3.2% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 308,788 shares of the aerospace company’s stock worth $9,924,000 after buying an additional 9,700 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Bae Systems PLC by 23.8% in the first quarter. Parametric Portfolio Associates LLC now owns 457,587 shares of the aerospace company’s stock worth $14,853,000 after buying an additional 87,846 shares in the last quarter. Finally, Schafer Cullen Capital Management Inc. increased its stake in shares of Bae Systems PLC by 4.3% in the first quarter. Schafer Cullen Capital Management Inc. now owns 2,301,831 shares of the aerospace company’s stock worth $74,717,000 after buying an additional 93,876 shares in the last quarter. Institutional investors and hedge funds own 0.41% of the company’s stock.

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.

The Fly

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