BAE Systems PLC
BA.: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 8,231.00 | Grnp | Cvgnfgzy |
Upbeat Update From BAE Systems; Stock Remains Slightly Overvalued
A rather upbeat trading statement Nov. 15 from BAE Systems as the group maintains guidance and hinted at upgrades to medium-term guidance. We maintain our GBX 700 fair value estimate and believe shares are slightly overvalued. The stock does offer a reliable and growing gross dividend yield of 3.4% at current levels.