Bae Systems PLC (OTCMKTS:BAESY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Bae Systems PLC (OTCMKTS:BAESY) have been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company.

Several research firms have commented on BAESY. Erste Group Bank started coverage on shares of Bae Systems in a research note on Friday, October 3rd. They set a “buy” rating on the stock. The Goldman Sachs Group began coverage on shares of Bae Systems in a research note on Friday, September 19th. They set a “buy” rating on the stock.

Bae Systems Price Performance

Shares of BAESY opened at $94.25 on Friday. Bae Systems has a one year low of $56.55 and a one year high of $111.96. The stock’s fifty day moving average is $93.26 and its 200-day moving average is $98.84.

Institutional Trading of Bae Systems

A number of hedge funds and other institutional investors have recently modified their holdings of BAESY. Arrow Capital Pty Ltd bought a new position in Bae Systems during the third quarter valued at about $5,531,000. L & S Advisors Inc boosted its position in shares of Bae Systems by 13.1% during the 3rd quarter. L & S Advisors Inc now owns 18,845 shares of the aerospace company’s stock valued at $2,105,000 after purchasing an additional 2,176 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Bae Systems by 73.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 138 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Bae Systems in the 3rd quarter worth approximately $44,000. Finally, First Merchants Corp raised its holdings in shares of Bae Systems by 4.8% in the 3rd quarter. First Merchants Corp now owns 65,230 shares of the aerospace company’s stock worth $7,233,000 after purchasing an additional 2,978 shares in the last quarter. Institutional investors own 0.21% of the company’s stock.

About Bae Systems

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.