Accueil > Actualité
Actualite financiere : Actualite bourse

Rolls-Royce: Credit Suisse cuts target price

(CercleFinance.com) - Credit Suisse maintains its "underperform" rating on the Rolls-Royce stock, while slashing its target price to 151p, from 200p previously.


The broker believes that the recent recapitalisation announcement - with the issue of 2 billion pounds in bonds - is consistent with the group's needs. However, Crédit Suisse estimates that the group will not reach cash break-even until 2024.

While the plan should reassure its clients, it does not solve the strategic challenges around Rolls-Royce's business portfolio, nor its ability to invest and generate returns for shareholders, the broker continued.

"We do not see Rolls-Royce as currently offering an attractive investment case," the analyst concludes.


Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.