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

( – 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.

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