BAE Systems (BA.)

Sector:

Defense and Aeronautics

Index:

FTSE 100

795.20p
   
  • Change Today:
      3.60p
  • 52 Week High: 838.40p
  • 52 Week Low: 528.80p
  • Currency: UK Pounds
  • Shares Issued: 3,145.82m
  • Volume: 626,634
  • Market Cap: £25,016m
  • RiskGrade: 108

Sector movers: Defence stocks pace gains, BAE Systems keeps gaining altitude

By Alexander Bueso

Date: Tuesday 28 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Aerospace and Defence paced gains in the stockmarket on Tuesday as the NATO summit in Madrid got under way with shares of Babcock, Rolls-Royce and BAE Systems all catching a bid.


Worth noting, shares of the latter were trading at all-time highs.

BAE shares were also catching a bid on the back of positive comments out of analysts at Deutsche Bank.

"In our view, an extra buy-back programme remains a possibility, especially as H2 business momentum and order intake should remain solid. Buy, PT: 860p," Deutsche analyst, Christophe Menard, said in a research note sent to clients.

Life insurers were also on the up, benefitting from rising stocks and longer-term Gilts.

There were also gains to be seen in the oil patch as Brent crude oil futures moved back towards the $120 a barrel area on the ICE.

The day before, the UAE's energy minister had said his country was already producing oil near maximum capacity.

Investors were also analysing talk at the latest G7 regarding the imposition of oil price caps for Russian exports.

Worth noting, price caps often had the result of restricting supply and doing the opposite for prices, although details around the proposals were light at the current stage.

Tobacco stocks were also wanted with analysts at Barclays pointing out that a ban on rival JUUL's e-cigarettes could double British American Tobacco's profits from its Vuse product.

In financial terms, BAT's e-cig losses in the US of nearly $350m in FY 2021 could turn into a profit of approximately $160m.

"With increasing prices, reduced trade margins and scale benefits in US e-cigs, we estimate BATS could grow US e-cigs EBIT to c$600mn+ in FY25.

"And with last week's developments in the US e-cig industry, BATS US e-cigs EBIT could be even higher."

Top performing sectors so far today

Aerospace and Defence 4,917.30 +3.26%

Life Insurance 6,759.59 +2.76%

Oil, Gas and Coal 7,375.03 +2.50%

Telecommunications Service Providers 3,247.11 +1.78%

Tobacco 37,906.60 +1.62%

Bottom performing sectors so far today

Electronic & Electrical Equipment 8,319.22 -1.02%

Software & Computer Services 1,637.16 -0.83%

Media 8,636.06 -0.45%

Travel & Leisure 5,937.93 -0.36%

Personal Goods 27,690.87 -0.33%



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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 795.20p
Change Today 3.60p
% Change 0.45 %
52 Week High 838.40p
52 Week Low 528.80p
Volume 626,634
Shares Issued 3,145.82m
Market Cap £25,016m
RiskGrade 108

BAE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.21% below the market average86.21% below the market average86.21% below the market average86.21% below the market average86.21% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Price Trend
92.72% above the market average92.72% above the market average92.72% above the market average92.72% above the market average92.72% 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
Income
11.75% above the market average11.75% above the market average11.75% above the market average11.75% above the market average11.75% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
27.15% below the market average27.15% below the market average27.15% below the market average27.15% below the market average27.15% below the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average

What The Brokers Say

Strong Buy 7
Buy 2
Neutral 8
Sell 0
Strong Sell 0
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BAE Dividends

  Latest Previous
  Interim Final
Ex-Div 20-Oct-22 21-Apr-22
Paid 30-Nov-22 01-Jun-22
Amount 10.40p 15.20p

Trades for 09-Aug-2022

Time Volume / Share Price
10:38 100 @ 795.20p
10:38 11 @ 795.20p
10:38 311 @ 795.20p
10:38 8 @ 795.20p
10:38 100 @ 795.20p

BAE Key Personnel

Chair Roger Carr
CEO Charles Woodburn

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