By SIMON CONSTABLE
The United Kingdom-based defense company BAE Systems has been taking flak of late. The stock has dropped because of the company’s Saudi Arabian ties and now presents an opportunity for investors to buy cheap shares with good prospects for capital gains and dividend growth.
“BAE has an attractive valuation relative to the sector and market,” according to a recent report from European bank Berenberg. “Underlying cash generation is set to steadily improve from 2019 estimates, driven by growth in profits,” the firm noted. Read more here.
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