This major UK bank just updated the forecast for the Rolls-Royce share price
Image source: Rolls-Royce plc
Rolls-Royce (LSE:RR) has been the standout performer of the FTSE 100 for 2024. Over the past year, the Rolls-Royce share price has jumped 129%. Various bank and broker research teams have rushed to increase their price targets for the company in recent months. However, one team has posted an interesting forecast which caught my eye.
Analyst views
Last week, the research team at Barclays led by Milene Kerner updated its 12-month share price target for Rolls-Royce. It set it at 540p. For context, the stock opened this week at 546p, so this is a clear message to me that the Barclays team doesn’t see any gains in the stock for the coming year.
I imagine that a more thorough research…
