Bae Systems PLC (OTCMKTS:BAESY) Receives Average Recommendation of “Moderate Buy” from Brokerages

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

Several analysts have weighed in on the company. The Goldman Sachs Group began coverage on Bae Systems in a report on Friday, September 19th. They issued a “buy” rating on the stock. Erste Group Bank began coverage on Bae Systems in a research report on Friday, October 3rd. They set a “buy” rating for the company.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Salomon & Ludwin LLC boosted its stake in shares of Bae Systems by 3,150.0% in the third quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 252 shares during the period. Hantz Financial Services Inc. raised its position in Bae Systems by 73.0% during the third quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 138 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Bae Systems in the third quarter valued at about $44,000. First Horizon Advisors Inc. boosted its position in shares of Bae Systems by 68.7% in the second quarter. First Horizon Advisors Inc. now owns 1,046 shares of the aerospace company’s stock valued at $110,000 after acquiring an additional 426 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Bae Systems by 25.6% during the second quarter. GAMMA Investing LLC now owns 2,838 shares of the aerospace company’s stock valued at $298,000 after buying an additional 578 shares during the last quarter. 0.21% of the stock is owned by institutional investors and hedge funds.

Bae Systems Trading Up 0.5%

OTCMKTS:BAESY opened at $93.56 on Friday. Bae Systems has a fifty-two week low of $56.55 and a fifty-two week high of $111.96. The stock has a fifty day moving average price of $92.97 and a 200-day moving average price of $98.67.

Bae Systems Company Profile

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.