2024-03-13 07:25:47 ET
Summary
- The Great British engineering company was the fastest growing stock on the European Stoxx 600 index in 2023, up a staggering 220% in the year.
- Last week’s earnings results revealed Erginbilgic’s transformation plan has been paying off, big time. Revenues were up 21%, including a 29% increase in the civil aerospace branch, and doubled margins.
- The travel industry is rebounding hard, with Rolls-Royce's benefitting from strong aircraft demand.
- Rolls-Royce is positioned to capture market share amidst Boeing's woes.
- Discounted cash flow analysis to find a price target between 419.83 GBX and 689.62 GBX, representing an upward potential of up to 77%.
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Rolls-Royce: Still A Buy After Massive Rally