BAE Systems - About to rocket?

BAE Systems plc is a defense, aerospace and security company. The Company operates through five segments. The Electronic Systems segment consists of the Company's United States and United Kingdom-based electronics activities.

The company boasts special relationships with both the US and Saudi Arabia. The company has provided support and equipment to the Saudi armed forces for several decades now. The Middle East is a very important revenue stream and the company is actively trying to diversify its client list. BAE has not cut its dividend for 20 years and continues to maintain a dividend yield in excess of 4%.

Best Broker Target Price: 690p (Deutsche Bank 15/07/2019)
Worst Broker Target Price: 530p (JP Morgan Cazenove 17/07/2019)

Technical Analysis
BAE Systems share price broke out of a large range in July 2019 to confirm a bottom pattern. The shares subsequently move higher towards a high of 570p. In recent weeks there has been evidence of profit taking as the shares have dipped back to the breakout level to confirm support. So far, the support level is holding, which we believe is an indication of fresh buying interest. Further upside is expected over the medium term.

Recommendation: Buy
Buy between 530-545p
Stop: 520p
Targets: 615p


got a close on eye on this, hoping last weeks fighter Jet deal with Germany will help price rise?
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out