BAE Systems plc (OTCMKTS:BAESY) Receives $475.00 Consensus Target Price from Brokerages

Shares of BAE Systems plc (OTCMKTS:BAESY) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $475.00.

Several research analysts recently issued reports on BAESY shares. Bank of America lowered shares of BAE Systems from a “buy” rating to a “neutral” rating in a research note on Monday, May 13th. Citigroup raised shares of BAE Systems from a “neutral” rating to a “buy” rating in a research note on Monday, July 29th.

BAE Systems Price Performance

BAESY opened at $66.19 on Monday. BAE Systems has a twelve month low of $47.81 and a twelve month high of $72.81. The company has a current ratio of 1.08, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average of $67.74 and a 200-day moving average of $66.55.

Institutional Trading of BAE Systems

A number of large investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its holdings in BAE Systems by 29.3% during the second quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company’s stock worth $307,000 after buying an additional 1,042 shares during the last quarter. Atlas Capital Advisors LLC increased its stake in shares of BAE Systems by 68.9% in the second quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company’s stock worth $270,000 after purchasing an additional 1,650 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of BAE Systems by 20.8% in the second quarter. GAMMA Investing LLC now owns 1,870 shares of the aerospace company’s stock worth $125,000 after purchasing an additional 322 shares in the last quarter. Confluence Investment Management LLC purchased a new position in shares of BAE Systems in the second quarter worth about $682,000. Finally, Renaissance Group LLC purchased a new position in shares of BAE Systems in the first quarter worth about $7,239,000. Hedge funds and other institutional investors own 0.21% of the company’s stock.

About BAE Systems

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.