Rolls-Royce: Barclays raises target price
(CercleFinance.com) - Barclays has confirmed its 'Overweight' recommendation on Rolls-Royce shares, raising its target price for them from £4.
95 to £5.40, expressing its confidence in the future cash flow visibility and balance sheet optionality of the British engine maker.
Despite the share price's absolute performance of +66% since the beginning of the year (compared with +8% for the FTSE 100), the company continues to perform beyond expectations and to benefit from a very favorable demand and pricing environment, it adds.
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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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
95 to £5.40, expressing its confidence in the future cash flow visibility and balance sheet optionality of the British engine maker.
Despite the share price's absolute performance of +66% since the beginning of the year (compared with +8% for the FTSE 100), the company continues to perform beyond expectations and to benefit from a very favorable demand and pricing environment, it adds.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.