Rolls-Royce Holdings (RR.)

Sector:

Defense and Aeronautics

Index:

FTSE 100

428.00p
   
  • Change Today:
      6.00p
  • 52 Week High: 430.50
  • 52 Week Low: 143.30
  • Currency: UK Pounds
  • Shares Issued: 8,417m
  • Volume: 8,874,677
  • Market Cap: £36,024m
  • RiskGrade: 377

UK Defence companies \"looking more interesting (with caveats)\', JP Morgan says

By Alexander Bueso

Date: Wednesday 17 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Analysts at JP Morgan reiterated their \"selectively positive\" stance on European Civil Aerospace, labelling Rolls Royce (Underweight; target price: 650.0p) as one of its two top ideas in the sector while keeping Ultra Electronics (Overweight; target price: 1,820.0p) as its top pick.
Albeit with caveats, UK defence companies were looking \"more interesting\" they said, pointing to higher investment outlays by the US Department of Defence over 2018 and thus far in 2019, telling clients that they were now \"seeing the money start to flow down to the UK defence companies\".

In a further boost for that group of companies, defensive earnings gained in allure given the backdrop of profit warnings among more cyclical names.

The stronger US dollar-sterling exchange rate could also ad a few percentage points to their earnings per share and lower interest rates meant some of their dividend yields were drawing attention, they said.

On the flip side, UK politics remained \"highly uncertain\" with a \"growing risk of a general election to solve the Brexit impasse\".

Indeed, \"a Corbyn-led Labour government could be very negative for some UK defence companies,\" they said.

There was also uncertainty around future arms sales to Saudi - posing a risk to BAE Systems (Neutral; target price: 530.0p) guidance on cash in 2019 and several companies needed to resolve \"execution issues\".

They also noted that Rolls was the most exposed name in ECA to emerging markets and the wide body market, although \"one positive for RR right now is the weakness of the £ vs. the $.\"

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Rolls Royce Market Data

Currency UK Pounds
Share Price 428.00p
Change Today 6.00p
% Change 1.42 %
52 Week High 430.50
52 Week Low 143.30
Volume 8,874,677
Shares Issued 8,417m
Market Cap £36,024m
RiskGrade 377

Rolls Royce Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.42% below the market average96.42% below the market average96.42% below the market average96.42% below the market average96.42% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
99.66% above the market average99.66% above the market average99.66% above the market average99.66% above the market average99.66% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
93.69% below the market average93.69% below the market average93.69% below the market average93.69% below the market average93.69% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
72.91% above the market average72.91% above the market average72.91% above the market average72.91% above the market average72.91% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 6
Buy 7
Neutral 3
Sell 0
Strong Sell 1
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rolls Royce Dividends

  Latest Previous
  Interim Final
Ex-Div 24-Oct-19 25-Apr-19
Paid 03-Jan-20 01-Jul-19
Amount 4.60p 7.10p

Trades for 28-Mar-2024

Time Volume / Share Price
16:15 151 @ 428.00p
16:15 151 @ 428.00p
16:15 88 @ 427.90p
16:15 354 @ 427.90p
16:15 314 @ 427.90p

Rolls Royce Key Personnel

Chair Anita Frew
CEO Tufan Erginbilgic

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