BAE Systems stock jumps after Russian forces entered Ukraine: you can buy the stock here
- BAE Systems stock (BA) is currently trading at £613.60.
- It is up +20.26 (3.39%) today.
- Here is a brief guide on where to buy the BA stock.
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The BAE Systems stock price is surging amid the ongoing confrontation between Russia and Ukraine that could easily loop in NATO countries, which the UK is part of.
The BAE Systems stock has risen by over 6% since Friday and investors expect it to rally further especially in case of an all-out war due to a surge in the demand for arms.
To help stock investors interested in investing in the BAE Systems stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
Best places to buy BAE Systems stock
What is BAE Systems stock?
BAE Systems stock is the stock of BAE Systems Plc and it trades on the London Stock exchange under the ticker LON: BA.
In a brief, BAE Systems Plc is a British multinational company that deals in arms, security, and aerospace equipment. Its headquarters are located in London, England.
BAE Systems is the largest defense contractor in Europe and the biggest arms manufacturer in Britain. It is also ranked the 7th largest across the globe.
Should I buy the BA stock today?
If you want to invest in the shares of one of the largest defense contractors, then the BA stock could be a good choice.
Nonetheless, the current price surge is pegged on the prospects of war between Russia and Ukraine. It is unclear how the stock will behave in case the situation is contained without an all-out war.
BA stock price prediction
Analysts are keeping a keen eye on the events around the Russia-Ukraine dispute that is attracting the attention of the Western and European countries where BAE Systems is a major defense contractor.
Currently, investors believe the BA stock could easily get above £620, especially if the situation between Russia and Ukraine escalates.