5 Reasons Rolls-Royce Is Still A Buy

Michael Derrer Fuchs The British civil aero-engine manufacturer Rolls Royce (OTCPK:RYCEY) has had a nice first quarter of 2024 at the stock markets. Year to date [YTD], its price is up by 40% after it already saw an eye popping 3.5x rise in 2023. But even now, a quick look at the stock’s forward non-GAAP price-to-earnings (P/E) ratio at 24.2x indicates that it's still trading much lower than its five-year average of 43.5x. This alone indicates that further upside to it. This upside is also supported by  ...