Bradda Head  Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRolls-Royce Share News (RR.)

Share Price Information for Rolls-Royce (RR.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 461.50
Bid: 461.30
Ask: 461.60
Change: -0.40 (-0.09%)
Spread: 0.30 (0.065%)
Open: 463.00
High: 465.00
Low: 460.70
Prev. Close: 461.90
RR. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

JPMorgan upgrades Rolls-Royce, shares rally

Wed, 17th Mar 2021 09:25

(Sharecast News) - Rolls-Royce rallied on Wednesday as JPMorgan Cazenove upgraded shares of the engine maker to 'neutral' from 'underweight', highlighting four reasons behind the change, despite "major challenges".
JPM said the approval of multiple vaccines means many investors are willing to value the stock on its medium-term ambitions.

In addition, it noted the shares are now rising despite bad news such as the recent cash flow warnings in December and January and the large 2020 earnings miss.

"Whilst international airline capacity is still down circa 75% versus 2019, it is unlikely to get worse and so the direction of travel will most probably be one of slow improvement," JPM said. "RR's shares have significantly underperformed peers since 2018 and this is attracting investors."

The bank hiked its price target on the shares to 105p from 45p.

At 0920 GMT, the shares were up 3.8% at 127.57p.
More News
4 Jul 2024 09:42

LONDON BROKER RATINGS: HSBC raises Bunzl to 'buy'; RBC likes Ibstock

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Friday:

Read more
1 Jul 2024 13:53

Local politicians raise fears over Spirit Belfast factory deal

BELFAST, July 1 (Reuters) - Politicians raised concerns on Monday about jobs not secured in Airbus' takeover of the bulk of production at Spirit AeroSystems plant in Belfast, one of Northern Ireland's biggest employers.

Read more
25 Jun 2024 17:45

European shares fall as Airbus leads aerospace sell-off

Airbus tumbles on profit warning

*

Read more
25 Jun 2024 17:09

LONDON MARKET CLOSE: Europe takes hit on UK and France election nerves

(Alliance News) - Stock prices in London closed lower on Tuesday, with France's polarising election at the forefront of investor anxieties.

Read more
25 Jun 2024 17:08

FTSE 100 slides as investors wary ahead of data and election

FTSE 100 down 0.4%, FTSE 250 off 1%

*

Read more
25 Jun 2024 15:54

London close: Stocks finish lower after Airbus profit warning

(Sharecast News) - London stocks ended Tuesday in negative territory, influenced by significant losses in key sectors following a profit warning from Airbus.

Read more
25 Jun 2024 12:15

Deutsche Bank hikes Rolls-Royce price target

(Sharecast News) - Deutsche Bank hiked its price target on Rolls-Royce to 555p from 465p on Tuesday as it revisited the valuation ahead of first-half results.

Read more
25 Jun 2024 12:01

LONDON MARKET MIDDAY: US tech nerves hit mood in Europe

(Alliance News) - Stock prices in London were lower heading into Tuesday afternoon, as European equities succumbed to a nervy mood which threatens to temper some of the gains seen so far in the second-quarter.

Read more
25 Jun 2024 09:49

LONDON BROKER RATINGS: HSBC likes Raspberry Pi; UBS cuts 3i Group

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

Read more
25 Jun 2024 08:48

LONDON MARKET OPEN: FTSE 100 edges up but mood tetchy amid US tech woe

(Alliance News) - London's FTSE 100 made an underwhelming start to the day, with European markets unnerved by a sell-off of US technology shares overnight, and unfavourable corporate updates keeping a lid on indices in Paris and Frankfurt.

Read more
25 Jun 2024 08:37

Airbus on track for worst day since 2022 after guidance cut

Read more
25 Jun 2024 08:20

Aerospace and defense stocks hammered by Airbus warning

LONDON, June 25 (Reuters) - European aerospace and defense stocks tumbled on Tuesday after France's Airbus issued a profit warning that included a downgrade of its closely-watched forecast for deliveries.

Read more
24 Jun 2024 22:43

Airbus cuts key targets and takes hefty Space charge

PARIS, June 24 (Reuters) - Airbus softened key industrial and financial targets and took a hefty 900-million-euro charge for its troubled space activities as Europe's largest aerospace group sought a clean slate approach to supply disruptions and commercial risks.

Read more
24 Jun 2024 15:10

Broker tips: Mitie, Rolls-Royce

(Sharecast News) - Shares in facilities management and professional services company Mitie were on the rise on Monday after Deutsche Bank lifted its target price for the stock following the group's better-than-expected annual results.

Read more
24 Jun 2024 15:05

Jefferies hikes target for Rolls-Royce, sees upside to medium-term targets for free cash flow

(Sharecast News) - Analysts at Jefferies hiked their target price on shares of Rolls-Royce, pointing to its most recent trading update, which they said implied the potential for positive surprises as regarded the engineer's free cash flow guidance.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.