BAE Systems (BAESF) Receives a Buy from UBS
In a report released today, Ian Douglas from UBS maintained a Buy rating on BAE Systems, with a price target of p2,650.00.
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Douglas covers the Industrials sector, focusing on stocks such as Airbus Group SE, Rolls-Royce Holdings, and Melrose. According to TipRanks, Douglas has an average return of 32.4% and a 70.80% success rate on recommended stocks.
In addition to UBS, BAE Systems also received a Buy from TipRanks – Google’s Google Aerospace and Defense in a report issued on March 26. However, on the same day, TipRanks – OpenAI downgraded BAE Systems (Other OTC: BAESF) to a Hold.
Based on BAE Systems’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p14.77 billion and a net profit of p1.09 billion. In comparison, last year the company earned a revenue of p13.84 billion and had a net profit of p1.01 billion
Based on the recent corporate insider activity of 176 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BAESF in relation to earlier this year.
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