BAE SYS PLC/S (BAESY) Receives Consensus Rating of “Hold” from Analysts

BAE SYS PLC/S (OTCMKTS:BAESY) has received a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company.

Several brokerages have recently weighed in on BAESY. Zacks Investment Research raised BAE SYS PLC/S from a “sell” rating to a “hold” rating in a research note on Tuesday, December 11th. Raymond James raised BAE SYS PLC/S from an “underperform” rating to a “market perform” rating in a research note on Friday, November 9th. Bank of America downgraded BAE SYS PLC/S from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 4th. Finally, UBS Group downgraded BAE SYS PLC/S from a “buy” rating to a “neutral” rating in a research note on Thursday, December 6th.

An institutional investor recently raised its position in BAE SYS PLC/S stock. Ferguson Wellman Capital Management Inc. increased its position in shares of BAE SYS PLC/S (OTCMKTS:BAESY) by 2.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 328,182 shares of the aerospace company’s stock after purchasing an additional 6,575 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in BAE SYS PLC/S were worth $10,800,000 as of its most recent filing with the SEC. Institutional investors own 0.42% of the company’s stock.

OTCMKTS:BAESY traded ....

read more from fairfieldcurrent.com