BAE Systems closed Friday’s trading session with a drop of 0.8 per cent. In addition, the trading session marked a third consecutive session where the share prices had fallen.
Despite the past three trading sessions being aggressively bearish, BAE Systems has been among the market’s best-performing shares this year. For the past month, the share prices have been up by 4 per cent.
Looking at the year-to-date data, BAE Systems’ share price has surged by 39 per cent. The bullish trend has also been a long-term trend, with the past year showing the prices surging by 45 per cent.
Part of the reason we have seen such growth has been fueled by the recent political environment. BAE Systems is the largest military company in Europe and manufactures products such as fighter jets, armoured multi-purpose vehicles, combat ships and machine gun systems. Russia’s recent invasion of Ukraine has seen its products demand across Europe rise as fears of war grip the continent.
BAE Systems Share Price has continued to perform well in the markets for the past few months. Part of the reason for the price surge has been due to demand for new military equipment following the invasion of Ukraine by Russia.
Across Europe, the fallout from the invasion has resulted in countries stocking their military assets. With BAE Systems being the largest arms manufacturer in Europe, they have also become beneficiaries of the high demand for weapon systems.
With the current Ukraine-Russia conflict looking unlikely to end soon, I expect the demand for BAE Systems to remain high. Therefore, my BAE Systems SHare price prediction expects the prices to continue with the bullish trend for the next few trading session. As a result, there is a high likelihood that we will see the prices breaking the recent 800p price high and setting new price highs.
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