Will Rolls-Royce Shares Reach 600p Before Christmas? Here’s What Analysts Predict
Rolls Royce Share Price: Rolls-Royce (LSE: RR) has experienced a stellar year, with shares climbing by more than 80% since January. Now trading around 538p, there’s speculation that the stock could soar to 600p by Christmas. Several factors are fueling optimism, including robust interim results that revealed significant gains in operating profits and raised free cash flow projections, which signaled a potential return to dividends.
On November 7, the company is set to release its latest trading update. If it surpasses expectations, investors might witness another surge, especially if a Bank of England rate cut spurs renewed investor interest in UK equities. However, some analysts are cautious due to the high P/E ratio, which…
