Shares of BAE Systems plc (OTCMKTS:BAESY – Get Rating) have earned an average rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $851.67.
BAESY has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised shares of BAE Systems from a “neutral” rating to an “overweight” rating in a research note on Wednesday, August 3rd. Jefferies Financial Group upped their price objective on shares of BAE Systems from GBX 950 ($11.48) to GBX 960 ($11.60) in a research note on Friday, July 29th.
Institutional Investors Weigh In On BAE Systems
Large investors have recently made changes to their positions in the stock. Captrust Financial Advisors grew its position in shares of BAE Systems by 42.3% in the 1st quarter. Captrust Financial Advisors now owns 1,002 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 298 shares during the period. PNC Financial Services Group Inc. grew its position in shares of BAE Systems by 16.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,633 shares of the aerospace company’s stock valued at $176,000 after acquiring an additional 642 shares during the period. Atlas Capital Advisors LLC bought a new position in shares of BAE Systems in the 2nd quarter valued at about $177,000. Colony Group LLC bought a new position in shares of BAE Systems in the 2nd quarter valued at about $913,000. Finally, Todd Asset Management LLC grew its position in shares of BAE Systems by 1.4% in the 1st quarter. Todd Asset Management LLC now owns 32,865 shares of the aerospace company’s stock valued at $1,238,000 after acquiring an additional 456 shares during the period. Institutional investors own 0.27% of the company’s stock.
BAE Systems Trading Down 1.5 %
BAE Systems 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, 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 systems, space electronics, and electric drive propulsion systems.
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