RLLCF - 5 Reasons Rolls-Royce Is Still A Buy
2024-04-07 10:49:58 ET
Summary
- Rolls-Royce stock continues to rise, with a 40% increase in price in the first quarter of 2024, following a 3.5x rise in 2023.
- Underpinning it are the company's improved financials, notably its income, growth across all its segments and their positive prospects, the likelihood of it reinstating dividends and its attractive forward P/E.
- At this time it's hard not to like it. In the short-to-medium term, its civil aviation and defence segments look positive while SMR development has long-term potential.
The British civil aero-engine manufacturer Rolls Royce ( OTCPK:RYCEY ) has had a nice first quarter of 2024 at the stock markets. Year to date [YTD], its price is up by 40% after it already saw an eye popping 3.5x rise in 2023....
5 Reasons Rolls-Royce Is Still A Buy