Bae Systems PLC (OTCMKTS:BAESY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday. The brokerage presently has a $38.00 price target on the aerospace company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 14.67% from the stock’s previous close.

According to Zacks, “BAE Systems is a global company engaged in the development, delivery and support of advanced defence and aerospace systems in the air, on land and at sea. BAE Systems Inc. is the US subsidiary of BAE Systems plc. Headquartered in Rockville,Maryland, BAE Systems Inc. consists of three Operating Groups that provide support and service solutions for current and future defense, intelligence, and civilian systems; design, develop and manufacture a wide range of electronic systems and subsystems for both military and commercial applications; and design, develop, produce,and provide service support of armored combat vehicles, artillery systems and intelligent munitions. “

Other equities research analysts have also issued research reports about the company. J P Morgan Chase & Co lowered Bae Systems PLC from an “overweight” rating to a “neutral” rating in a research report on Friday, June 23rd. Berenberg Bank lowered Bae Systems PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $38.00.

Shares of Bae Systems PLC (OTCMKTS:BAESY) traded down 0.24% during trading on Thursday, reaching $33.14. 193,808 shares of the company’s stock were exchanged. Bae Systems PLC has a 12-month low of $26.11 and a 12-month high of $35.23. The stock has a 50-day moving average price of $32.99 and a 200 day moving average price of $32.88. The company has a market capitalization of $26.34 billion, a P/E ratio of 18.87 and a beta of 0.84.

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Hedge funds have recently bought and sold shares of the business. Eqis Capital Management Inc. raised its position in shares of Bae Systems PLC by 9.2% during the 2nd quarter. Eqis Capital Management Inc. now owns 9,499 shares of the aerospace company’s stock worth $319,000 after acquiring an additional 797 shares in the last quarter. Boyd Watterson Asset Management LLC OH raised its position in shares of Bae Systems PLC by 0.5% during the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 7,176 shares of the aerospace company’s stock worth $236,000 after acquiring an additional 36 shares in the last quarter. Moody Lynn & Lieberson LLC acquired a new stake in shares of Bae Systems PLC during the 2nd quarter worth about $530,000. Ferguson Wellman Capital Management Inc. raised its position in shares of Bae Systems PLC by 0.6% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 310,708 shares of the aerospace company’s stock worth $10,227,000 after acquiring an additional 1,920 shares in the last quarter. Finally, Geneva Advisors LLC acquired a new stake in shares of Bae Systems PLC during the 2nd quarter worth about $860,000. 0.43% of the stock is currently owned by institutional investors.

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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