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

Share Price Information for Rolls-Royce (RR.)

London Stock Exchange
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Share Price: 461.60
Bid: 460.10
Ask: 460.30
Change: 3.80 (0.83%)
Spread: 0.20 (0.043%)
Open: 457.40
High: 465.70
Low: 455.60
Prev. Close: 457.80
RR. Live PriceLast checked at -

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BofA Merrill Lynch lifts Rolls-Royce price target

Thu, 27th Jul 2023 08:48

(Sharecast News) - Bank of America Merrill Lynch hiked its price target on engine maker Rolls-Royce on Thursday to 260p from 190p after results a day earlier.

"After three years of depressed earnings the widebody recovery is on track, strongly supporting Rolls free cash flow generation," the bank said.

"As FCF improves we believe that the Rolls balance sheet becomes less of a concern, with metrics moving in the right direction for a rating upgrade through 2024."

BofA ML said it sees "significant" room for cost-cutting in Power Systems, as well as upside in Defence and Civil Aero.

"With better cost management and flight hour tailwinds we see more than 900 basis points of Civil margin expansion through 2026 (versus 2022) supporting circa £1.9bn of free cash flow in 2026.

"As a result, we raise our target free cash flow multiple from 10x to 13x and our price objective moves to 260p."

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6 Apr 2023 16:00

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31 Mar 2023 09:24

TOP NEWS: Rolls-Royce names BP's Helen McCabe as incoming CFO

(Alliance News) - Rolls-Royce Holdings PLC on Friday named Helen McCabe as its new chief financial officer, to join the jet-engine maker "later this year".

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31 Mar 2023 08:15

Rolls-Royce names Helen McCabe as CFO

(Sharecast News) - Aerospace company Rolls-Royce Holdings revealed on Friday that Helen McCabe will join its board as chief financial officer later in the year.

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31 Mar 2023 07:56

LONDON BRIEFING: UK avoids recession in 2022; house prices down 3%

(Alliance News) - Stocks in London were called to open flat on Friday, amid better-than-expected UK GDP figures.

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31 Mar 2023 07:46

New CEO of UK's Rolls-Royce brings in new CFO, makes leadership changes

Hires BP's Helen McCabe as CFO

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31 Mar 2023 07:06

UK's Rolls-Royce names BP executive as new CFO

LONDON, March 31 (Reuters) - British engineering company Rolls-Royce named Helen McCabe, a BP executive, as its new chief financial officer as Tufan Erginbilgic, CEO since January, looks to implement his transformation programme.

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21 Mar 2023 17:26

Banks spur rebound in European stocks as contagion fears recede

S&P says European banks can weather the market turmoil

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17 Mar 2023 07:53

LONDON BRIEFING: Emis takeover and BT Openreach get watchdog scrutiny

(Alliance News) - London's FTSE 100 is called to open higher on Friday, ending a tumultuous week in the green.

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17 Mar 2023 07:37

Rolls-Royce inks funding to develop reactor for Moon exploration

(Alliance News) - Rolls-Royce Holdings PLC has received funding from the UK Space Agency to develop a nuclear reactor for a Moon base.

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14 Mar 2023 16:55

LONDON MARKET CLOSE: Stocks green as financial instability fears ebb

(Alliance News) - Stocks in London ended in the green on Tuesday, as easing fears around the financial sector joined market positivity off the back of lower US inflation data.

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14 Mar 2023 16:10

Rolls-Royce tops FTSE 100 after submarine contract award with BAE

(Alliance News) - Rolls-Royce Holdings PLC was the top performing FTSE 100 stock on Tuesday afternoon, as a statement from the UK government said it and BAE Systems PLC have been chosen to build the UK and Australia's SSN-AUKUS submarines.

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14 Mar 2023 12:27

S&P raises Rolls Royce long-term debt rating to BB with 'positive' outlook

(Sharecast News) - Standard and Poor's raised its rating for Rolls Royce long-term debt with a positive outlook.

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14 Mar 2023 08:46

Citi ups Rolls-Royce price target, cites 'clear route to much better cash flow'

(Sharecast News) - Citi lifted its price target on Rolls-Royce on Tuesday to 255p as it cited "a clear route to much better cash flow".

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13 Mar 2023 21:46

Eyeing China, Biden and allies unveil nuclear-powered submarine plan for Australia

SAN DIEGO, March 13 (Reuters) - The leaders of the United States, Australia and Britain on Monday unveiled details of a plan to provide Australia with nuclear-powered attack submarines, a major step involving investment of hundreds of billions of dollars aimed at countering China's ambitions in the Indo-Pacific.

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8 Mar 2023 15:06

UBS upgrades Rolls-Royce to 'buy'

(Sharecast News) - UBS upgraded Rolls-Royce to 'buy' from 'neutral' and nearly doubled the price target to 200p from 105p as it said the shares were "abnormally cheap" despite China reopening.

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