In a report released today, Chloe Lemaire from Jefferies maintained a Buy rating on Rolls-Royce Holdings, with a price target of p920.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Chloe Lemaire has given her Buy rating due to a combination of factors that highlight Rolls-Royce Holdings’ strong financial performance and promising future outlook. The company has reported a significant increase in its earnings before interest and taxes (EBIT) for the first half of the year, with a 13% hike in the full-year guidance. This impressive performance is further supported by a 9% increase in free cash flow, indicating robust financial health.
Additionally, Rolls-Royce’s Civil Aerospace division has shown notable improvement, with a 600 basis points increase year-over-year, excluding catch-ups. This performance is nearing the upper end of the company’s mid-term guidance, showcasing its operational efficiency and growth potential. These positive financial indicators and strategic advancements underpin Chloe Lemaire’s confidence in recommending a Buy rating for Rolls-Royce Holdings.
In another report released on July 25, Deutsche Bank also maintained a Buy rating on the stock with a £10.00 price target.