Societe Generale reiterated their buy rating on shares of BAE SYS PLC/S (OTCMKTS:BAESY) in a report published on Tuesday, The Fly reports.
A number of other brokerages also recently issued reports on BAESY. UBS Group reiterated a neutral rating on shares of BAE SYS PLC/S in a report on Monday, May 18th. Deutsche Bank reissued a buy rating on shares of BAE SYS PLC/S in a research note on Thursday, July 2nd. Zacks Investment Research cut shares of BAE SYS PLC/S from a buy rating to a hold rating in a research note on Wednesday, September 9th. Finally, JPMorgan Chase & Co. reissued an overweight rating on shares of BAE SYS PLC/S in a research note on Friday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $30.00.
OTCMKTS BAESY traded up $0.44 on Tuesday, reaching $27.46. The company had a trading volume of 77,824 shares, compared to its average volume of 145,604. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $22.08 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 11.95 and a beta of 0.89. The firm’s 50 day moving average price is $27.24 and its 200 day moving average price is $25.91. BAE SYS PLC/S has a 12 month low of $19.89 and a 12 month high of $34.74.
Several hedge funds have recently added to or reduced their stakes in BAESY. Cornerstone Investment Partners LLC purchased a new position in shares of BAE SYS PLC/S during the 2nd quarter worth about $222,000. Silvercrest Asset Management Group LLC purchased a new position in shares of BAE SYS PLC/S during the 2nd quarter worth about $469,000. Logan Capital Management Inc. boosted its position in BAE SYS PLC/S by 2.1% in the 2nd quarter. Logan Capital Management Inc. now owns 49,857 shares of the aerospace company’s stock valued at $1,191,000 after buying an additional 1,035 shares during the period. Meritage Portfolio Management boosted its position in BAE SYS PLC/S by 64.1% in the 2nd quarter. Meritage Portfolio Management now owns 121,289 shares of the aerospace company’s stock valued at $2,911,000 after buying an additional 47,389 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in BAE SYS PLC/S by 3.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 886,796 shares of the aerospace company’s stock valued at $22,658,000 after buying an additional 27,773 shares during the period. 0.22% of the stock is owned by hedge funds and other institutional investors.
BAE SYS PLC/S Company Profile
BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. The Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.
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