Core Viewpoint - Rolls-Royce share price is experiencing a rebound as the company shifts focus to sales efforts aimed at Boeing, with the stock rising over 1% to 1,247p, just below its all-time high of 1,327p [1] Group 1: Company Performance - Rolls-Royce has shown a strong upward trend in its stock price over the past few years, becoming one of the best-performing companies in the FTSE 100 Index [1] - The company has transitioned from being a "burning machine" to one of the most profitable companies in the UK, achieving mid-term targets two years ahead of schedule [1] Group 2: Strategic Partnerships - Rolls-Royce aims to partner with Boeing to enhance its business, focusing on its upgraded Trent 1000 XE engine, which offers improved durability and fuel efficiency [1] - The company is targeting orders for Boeing 787 and Boeing 777 aircraft, which currently predominantly use General Electric Aerospace engines [1] - Rolls-Royce plans to re-enter the narrow-body segment, which has seen significant growth, through partnerships and possibly a modified version of the Ultrafan engine platform [1] Group 3: Financial Outlook - The upcoming financial results are anticipated to be a key catalyst for Rolls-Royce's share price, with projected operating profit between £3.1 billion and £3.2 billion and free cash flow expected to be between £3.0 billion and £3.1 billion [1] Group 4: Technical Analysis - The stock price has recently pulled back from its all-time high of 1,320p to 1,250p but remains above the 50-day and 100-day Exponential Moving Averages (EMA) [1] - A bullish flag pattern has formed, suggesting potential for further price increases, with targets set at the year-to-date high of 1,320p and a psychological level of 1,500p, approximately 20% above the current level [1]
Rolls-Royce share price eyes rebound as Boeing sales push begins