Mining, defence stocks lift UK shares after volatile week By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Source: Investing.com
British Stock Market Performance: British stocks saw a rise on Friday, primarily driven by gains in defence and mining sectors, despite the FTSE 100 index being set to lose 1% for the week due to ongoing uncertainty around U.S. tariffs and disappointing quarterly earnings.
Economic Concerns: The UK economy unexpectedly contracted by 0.1% in January, raising concerns about potential economic slowdowns if U.S. tariffs continue to escalate, while long-term inflation expectations reached a five-year high according to a Bank of England survey.
Analyst Views on BAB
Wall Street analysts forecast BAB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BAB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 27.160
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Current: 27.160
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
