Rolls-Royce: Berenberg reduces its price target – BFM Bourse

Nokia Launches New Service for Ooredoo Qatar BFM Bourse.svg - Rolls-Royce: Berenberg reduces its price target - BFM Bourse

(CercleFinance.com) – Berenberg decided to cut its Rolls-Royce price target from 270 pence to 250 pence as the British engine maker announced several financing deals last week.

'We believe the £ 2bn capital increase, as part of a £ 5bn recapitalization plan, removes any concerns about the group's liquidity (and even solvency),' the office said. analyzes.

Berenberg also pointed out in his analysis that valuation metrics 'are always attractive' and 'compare well to the values ​​of the aerospace industry'.

The analysts said it was maintaining its 'buy' rating on the shares.

Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute decision-making support for investors. Cercle Finance cannot be held liable directly or indirectly following the use of information and analyzes by readers. It is recommended that anyone who is not informed to consult a professional adviser before any investment. This indicative information in no way constitutes an invitation to sell or a solicitation to buy.



Categories Cars

Leave a Comment