Rolls-Royce shares: The ride continues!

Last year, Rolls-Royce shares were the best performers in the leading British index FTSE 100, with a price increase of almost 230 percent. And this year too, the shares are doing very well. With a year-to-date gain of more than 42 percent, the stock is once again at the top of the UK selection index.

With strong figures and an upbeat outlook, the engine maker also emphasized strong price developments at the end of February. Positive reviews of analysts give more tail. Last week, many experts confirmed their buy recommendations and increased their price targets.

UBS raises target price to 550 cents

British investment bank Barclays now sees a price target of 430 pence, analyst house Jefferies believes the share price will rise to 470 pence. Analysts at Goldman Sachs and UBS are more optimistic, having issued 12-month targets of 525 and 550 cents respectively.

This week, Deutsche Bank followed suit and reaffirmed its Buy rating with a price target of 465 cents.

Shares in Rolls-Royce hit a 10-year high

Since the October 2020 low, the stock price has increased more than tenfold. At that time the paper was being sold at a price of 34.59 cents. The port has now failed and a functional change has been found.

On Tuesday the shares rose to a 10-year high of 429.70p. The record high from 2014 of 444.10 pence is not far off. Only 4.4 percent are missing.

Rolls Royce Stock Chart

What’s next?

Considering the high demand for advanced engine technology, the rally in the markets is not complete. Stock certificates are also benefiting from the arms boom in the West.