RBC keeps Hold rating on BAE Systems stock at GBp 2,200

Published on 10/14/2026 at 14:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 7.70 percent in the first half of 2026. BAE Systems stock costs EUR 22.25 on October 14, 2026, plus 0.86 percent versus the Xetra close.

Analyst target and earnings

RBC Capital maintained a Hold rating and a GBp 2,200 target on October 9, 2026.
First-half 2026 revenue rose 7.70 percent to GBP 14.6 billion.
BAE Systems stock costs EUR 22.25 at Xetra on October 14, 2026 at 1:53 p.m. CEST, plus 0.86 percent versus the Xetra close of October 13, 2026.
The price-to-earnings ratio was 26.79 on October 14, 2026.

Isometrische 3D-Illustration einer Verteidigungs-Wertschöpfungskette mit Fabrik und Werft — BAE Systems plc (ISIN GB0002634946) zeigt seine Wertschöpfungskette als isometrische 3D-Illustration mit Fabriken, Illustration mit AI erstellt.

RBC Capital maintained a Hold rating and a GBp 2,200 price target for BAE Systems stock in a report released on October 9, 2026. Against the GBp 1,860 closing price cited for October 13, 2026, that target lies 18.28 percent above the London price. BAE Systems was last quoted at EUR 22.25 on Xetra on October 14, 2026 at 1:53 p.m. CEST, plus 0.86 percent versus the Xetra close of EUR 22.06 on October 13, 2026.

Revenue reaches GBP 14.6 billion

Simply Wall St reported that revenue reached GBP 14.6 billion in the first half of 2026, up 7.70 percent from the first half of 2025. Net income rose 5.30 percent to GBP 1.02 billion, while earnings per share increased to GBP 0.34 from GBP 0.32.

The same report said BAE Systems declared an interim dividend of GBp 15.00 per ordinary share for the period ended June 30, 2026. The dividend is scheduled for payment on December 2, 2026, to shareholders registered on October 23, 2026.

Stock stays inside its yearly range

The Xetra price of EUR 22.25 sits between the 52-week low of EUR 18.05 and high of EUR 27.43, both dated October 14, 2026. The current price is 18.88 percent below the high and 23.27 percent above the low, placing the stock away from both extremes.

Trading volume stood at 31,338 shares against an average volume of 59,810 shares on October 14, 2026. The bid and ask were not included in the quoted market figures, so the price position is best read through the range and volume comparison.

Valuation and comparison

BAE Systems carried a market capitalization of EUR 65.2 billion and a price-to-earnings ratio of 26.79 on October 14, 2026. Its trailing dividend yield was 2.00 percent, adding an income measure to the valuation picture.

Comparison with peers

BAE Systems: plus 0.86 percent, P/E 26.79, market capitalization EUR 65.2 billion

RTX Corporation (NYSE, USD): minus 1.95 percent, P/E 32.22, market capitalization USD 246.7 billion

Lockheed Martin Corporation (NYSE, USD): minus 1.54 percent, P/E 18.58, market capitalization USD 116.3 billion

Price remains above the Xetra close

BAE Systems stock was at EUR 22.25 on Xetra on October 14, 2026 at 1:53 p.m. CEST, plus 0.86 percent versus the Xetra close of October 13, 2026 at EUR 22.06. The price-to-earnings ratio of 26.79 is higher than Lockheed Martin's 18.58 and lower than RTX's 32.22.

Market context: Market report FTSE 100.