BAE Systems (BA.)

Sector:

Defense and Aeronautics

Index:

FTSE 100

748.60p
   
  • Change Today:
      0.80p
  • 52 Week High: 771.60p
  • 52 Week Low: 516.20p
  • Currency: UK Pounds
  • Shares Issued: 3,156.02m
  • Volume: 9,068,804
  • Market Cap: £23,626m
  • RiskGrade: 108

JPMorgan downgrades BAE Systems, Qinetiq

By Michele Maatouk

Date: Tuesday 14 Dec 2021

LONDON (ShareCast) - (Sharecast News) - JPMorgan Cazenove downgraded Qinetiq and BAE Systems on Tuesday as it took a look at the European aerospace and defence sector.
The bank cut both BAE and Qinetiq to 'underweight' from 'neutral', noting they have a "meaningful" exposure to the US market - which it said is now in a slowdown - at around 45% and 17% respectively, but trade on higher multiples than EDS peers.

JPM said it expects 2022 to be a good year in terms of top line growth for European civil aerospace. However, companies will face cost headwinds as they ramp up production and navigate supply chain issues.

"Covid-19 is still very much a fact of life for aviation, so we prefer high quality companies with exposure to short-haul air travel," it said.

It upgraded MTU Aero Engines to 'overweight' from 'neutral' following "significant underperformance" in 2021 and kept its 'overweight' rating on Safran and Airbus. It also added Airbus to its Analyst Focus List.

JPM cut its price target on Qinetiq to 260p from 320p and on BAE to 555p from 645p.

At 1100 GMT, Qinetiq shares were 2.7% lower at 243.20p and BAE shares were down 0.5% at 542.20p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BAE Market Data

Currency UK Pounds
Share Price 748.60p
Change Today 0.80p
% Change 0.11 %
52 Week High 771.60p
52 Week Low 516.20p
Volume 9,068,804
Shares Issued 3,156.02m
Market Cap £23,626m
RiskGrade 108

BAE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.14% below the market average79.14% below the market average79.14% below the market average79.14% below the market average79.14% below the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average
Price Trend
88.33% above the market average88.33% above the market average88.33% above the market average88.33% above the market average88.33% above the market average
57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average
Income
37.87% above the market average37.87% above the market average37.87% above the market average37.87% above the market average37.87% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
5.45% below the market average5.45% below the market average5.45% below the market average5.45% below the market average5.45% below the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average

BAE Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Apr-22 21-Oct-21
Paid 01-Jun-22 30-Nov-21
Amount 15.20p 9.90p

Trades for 20-May-2022

Time Volume / Share Price
17:13 508 @ 749.58p
16:45 2,329 @ 748.80p
16:45 2,329 @ 748.80p
16:35 40,000 @ 748.75p
16:35 40,000 @ 748.75p

BAE Key Personnel

Chair Roger Carr
CEO Charles Woodburn

Top of Page