By Michele Maatouk
Date: Monday 13 May 2024
LONDON (ShareCast) - (Sharecast News) - BAE Systems was under the cosh on Monday after Bank of America Merrill Lynch downgraded shares of the defence company to 'neutral' from 'buy'.
The bank said that after a very strong run driven by positive revisions and a re-rating, it sees limited near-term valuation upside. The shares are up 23% year-to-date.
BofA noted that BAE has the "most attractive" capital allocation within the EU defence sector.
At 1405 BST, the shares were down 3.5% at 1,345.50p.
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Currency | UK Pounds |
Share Price | 1,294.00p |
Change Today | -8.50p |
% Change | -0.65 % |
52 Week High | 1,400.00 |
52 Week Low | 978.00 |
Volume | 4,380,521 |
Shares Issued | 3,025.63m |
Market Cap | £39,152m |
RiskGrade | 108 |
Value |
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Price Trend |
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Income |
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Growth |
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Strong Buy | 6 |
Buy | 6 |
Neutral | 8 |
Sell | 1 |
Strong Sell | 0 |
Total | 21 |
Latest | Previous | |
---|---|---|
Interim | Final | |
Ex-Div | 24-Oct-24 | 18-Apr-24 |
Paid | 02-Dec-24 | 03-Jun-24 |
Amount | 12.40p | 18.50p |
Time | Volume / Share Price |
16:58 | 153,185 @ 1,309.42p |
16:49 | 61,743 @ 1,297.55p |
16:45 | 235,241 @ 1,294.86p |
16:45 | 235,241 @ 1,293.95p |
16:38 | 235,241 @ 1,293.95p |
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