BAE Systems plc : Back on an important level
Entry price | Target | Stop-loss | Potential |
---|
GBX 617.4 |
GBX 660 |
GBX 587.9 |
+6.9% |
---|
BAE Systems shares are closing back in on major support levels around 610.4 GBp based on daily price data, which could offer attractive entry points.
Strengths● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at GBp 601.8 GBp in weekly data.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
● The tendency within the weekly time frame is positive above the technical support level at 601.8 GBp
Weaknesses● As estimated by analysts, this group is among those businesses with the lowest growth prospects.
● The company is not the most generous with respect to shareholders' compensation.
● For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
● Analysts covering the stock have recently lowered their earnings forecast.
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