Espirito Santo Investment Bank, which incorporates Execution Noble, recommends a “buy” on BAE?Systems, saying the stock “has sunk back towards the bottom end of its historic price-to-earnings ratio range”. The broker says that the risk-reward trade-off now “looks attractive heading into results”.
Numis rated the stock a “buy” yesterday, ahead of its trading update today. It expects the profit and loss statement to have been affected by tough comparisons with last year and snow-related disruption, but anticipates a strong update nonetheless. The broker says the stock should be driven higher by successful marketing campaigns.
RBS rates the AIM-listed oil and gas producer a “buy” despite well delays and increasing costs. It says the growing costs are “not particularly significant in the context of the current share price” says that the drilling is overall in a good position. However, if the company finds as much oil as predicted, development costs could escalate further.