BAE Systems plc : A good level to buy
Entry price | Target | Stop-loss | Potential |
---|
GBX 494.3 |
GBX 540 |
GBX 465 |
+9.25% |
---|
BAE Systems plc shares are closing back in on major support levels around 438.9 GBX based on daily price data, which could offer attractive entry points.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● The share is getting closer to its long-term support in weekly data, at GBX 470, which offers good timing for buyers.
● Graphically speaking, the timing seems perfect for purchasing the stock close to the GBX 438.9 support.
● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
● The company is one of the best yield companies with high dividend expectations.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses● Analysts covering the stock have recently lowered their earnings forecast.
● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 559 GBX
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