Bae Systems PLC (OTCMKTS:BAESY) Stock Has Average Price Target of $113.00

Shares of Bae Systems PLC (OTCMKTS:BAESY) have been given an average rating of “Hold” by the eight analysts that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $113.00.

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Bae Systems in a research note on Tuesday, August 11th. Royal Bank Of Canada assumed coverage on shares of Bae Systems in a research report on Tuesday, August 11th. They set a “sector perform” rating on the stock. BNP Paribas Exane began coverage on shares of Bae Systems in a report on Thursday, September 10th. They set a “neutral” rating and a $113.00 price target for the company. Kepler Capital Markets raised shares of Bae Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, June 24th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Bae Systems in a report on Thursday, June 25th.

Bae Systems Price Performance

Shares of BAESY stock opened at $102.44 on Friday. The company’s fifty day simple moving average is $110.84 and its 200-day simple moving average is $108.87. Bae Systems has a 52 week low of $84.50 and a 52 week high of $126.00.

Institutional Investors Weigh In On Bae Systems

A number of hedge funds have recently bought and sold shares of the business. First Merchants Corp increased its holdings in Bae Systems by 1.3% during the 1st quarter. First Merchants Corp now owns 68,422 shares of the aerospace company’s stock worth $7,940,000 after purchasing an additional 854 shares during the last quarter. Ramirez Asset Management Inc. grew its position in shares of Bae Systems by 6.8% during the fourth quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock worth $6,512,000 after buying an additional 4,527 shares in the last quarter. Sit Investment Associates Inc. increased its stake in shares of Bae Systems by 2.6% in the fourth quarter. Sit Investment Associates Inc. now owns 35,476 shares of the aerospace company’s stock worth $3,295,000 after buying an additional 910 shares during the last quarter. Confluence Investment Management LLC increased its stake in shares of Bae Systems by 0.9% in the third quarter. Confluence Investment Management LLC now owns 13,537 shares of the aerospace company’s stock worth $1,403,000 after buying an additional 117 shares during the last quarter. Finally, Sterling Capital Management LLC acquired a new stake in Bae Systems in the first quarter valued at $1,146,000. Institutional investors and hedge funds own 0.21% of the company’s stock.

About Bae Systems

BAE Systems plc is a multinational defense, aerospace and security company headquartered in the United Kingdom. The company develops and supports technology and equipment for governments, armed forces and commercial customers, with activities spanning air, land, sea, space and cyber domains.

Its products and services include combat aircraft and aircraft support, naval vessels and submarines, armored vehicles, artillery systems, electronic warfare and radar equipment, intelligence and cybersecurity solutions, precision weapons, and command-and-control systems.