Rolls-Royce Holdings (LON: RR) stock price retreated by more than 2% on Tuesday after the latest General Electric (GE) results. The shares pulled back to 302p, a few points below its all-time high of 312.7p. GE stock retreated by more than 8% in the pre-market session.Like General Electric, Rolls-Royce is a leading player in the civil aviation industry, where it makes engines mostly for wide body aircraft. The two companies are also huge players in the defence industry, where they manufacture engines for th ...

Rolls-Royce Holdings PLC (LSE:RR.) enjoyed a more rapid recovery in terms of the flight times of its engines toward 2019 levels than rivals last year, CitiGroup analysts have revealed. Combined hours flown by its engines ended the year 8% off pre-pandemic levels, the bank’s data showed on Friday, having seen a 42% increase in cycles compared to 2022. Though this was off General Electric’s engine times, which closed the year 7% off 2019 levels, Rolls-Royce began the year from a lower base meaning the FTSE 10 ...

Rolls-Royce (LON: RR) share price drifted downwards on Tuesday after the industrial giant received a rare downgrade. The stock, which peaked at 313p in December, retreated to a low of 292p, the lowest point on January 5th. Despite the retreat, it is one of the best-performing FTSE 100 constituents as it jumped by over 180% from its lowest point in 2023.Rolls Royce shares chart The main reason for the retreat is a negative note from Berenberg analysts who warned that the rally was overstretched. In their not ...

Rolls-Royce Holdings PLC (LSE:RR.) was hit by a rare downgrade on Tuesday, sending shares down by 1.1%. Berenberg has moved the engineer, which was the top performing FTSE 100 stock in 2023, to ‘sell’ from ‘hold’. It thinks some of the drivers of Rolls-Royce’s margin expansion outlook through to 2027, which mostly relate to currency and favourable mix and base effects, will reverse thereafter. “What happens from 2027, when several of these tailwinds should reverse, will be key for the intrinsic valuation, i ...

Rolls-Royce Holdings PLC (LSE:RR.) should report collective flight times of its engines at the top end of guidance this year, according to Bank of America analysts. This would see Rolls-Royce engine flight times at roughly 87% of pre-2019 levels, marking a boost given the FTSE 100-listed manufacturer is paid partially based on how much its power units are used. “In our view, wide body recovery and China reopening has continued through the fourth quarter and this has been felt positively on Rolls-Royce’s por ...

Rolls-Royce Motor Cars has announced that 2023 was a record year for the luxury carmaker, as appetite for high-end vehicles remained strong. An all-time high of 6,032 models were sold over the year, compared to 6,021 in 2022, with each boasting bespoke elements, Rolls-Royce reported on Monday. Bespoke commissions themselves hit a new peak, the BMW-owned carmaker added, driven by demand in the Middle East. “The Middle East maintained its position as the leading source of highly elaborate and technically dema ...

Barclays has become the latest broker to set a price target for Rolls-Royce Holdings PLC north of 400p. It thinks the potential reinstatement of an investment grade rating, and subsequent resumption of the dividend will be a key catalyst. Barclays said despite an expected £300 million of one-off outflows (over-hedging costs/OE concessions), it forecasts Rolls reaching a net cash position of around £750 million in 2024, “a key metric for potential reinstatement of an investment grade rating.” It forecasts an ...

A Rolls-Royce jet engine and logo on display at a company production facility in Europe. (Photo: ... [+] Omer Messinger/Getty Images)Getty ImagesBy every stretch of every imagination Rolls-Royce (LON: RR) had a remarkable 2023. The engineering and aerospace giant added share price gains over 200% on an annualized basis last year.This impressive uptick in price made Rolls-Royce the year's top riser among the U.K.'s blue-chip FTSE 100 companies, as well as the Stoxx 600, a pan-European index of leading compan ...

Rolls-Royce Holdings PLC (LSE:RR.) has been the talk of the town this year. Since Tufan Erginbilgic took the helm early on in January, things could not have gone better for the FTSE 100-listed manufacturer, with the new boss’s large-scale turnaround plan working wonders in reigniting enthusiasm for the stock. Indeed, Rolls-Royce is honing in on share price gains of 200% for the year. What’s more, general consensus is that Rolls-Royce will keep it up in 2024, with the manufacturer having been showered in upg ...

Rolls-Royce Holdings plc (OTCPK:RYCEY) Q2 2023 Earnings Conference Call August 3, 2023 4:00 AM ET Company Participants Isabel Green - Head, Investor Relations Tufan Erginbilgic - Chief Executive Officer Panos Kakoullis - Chief Financial Officer Conference Call Participants Nick Cunningham - Agency Partners David Perry - JPMorgan George Zhao - Bernstein Chloe Lemarie - Jefferies Ian Douglas-Pennant - UBS Isabel Green Hello, and welcome, everyone, to our 2023 Half Year Results Presentation. I'm Isabel Green, ...