At around £8 now, Rolls-Royce’s share price looks cheap to me anywhere under £12.42
Rolls-Royce’s (LSE: RR) share price has jumped 108% from its 19 March 12-month traded low of £3.88.
Such a rise might deter many investors who fear it could not possibly increase much more. Others may see the momentum as unstoppable and buy on a fear of missing out.
As a former senior investment bank trader and longtime private investor, I know neither view helps generate consistent profits over time.
My principal concern in growth stocks is whether there is any value left in them.
The first part of my standard share price analysis involves comparing a stock’s key valuations with its competitors.
Rolls-Royce is undervalued at a price-to-earnings ratio of 26.7 against a competitor average…
