Rolls-Royce shares have surged by an impressive 120% this year, currently trading at 225p, the price they were before RR shares collapsed in 2020. Are they still on a roll or should investors sell or buy more?
Slow down
On the sell side, the CEO cautions that the pace of improvement may slow down as most non-core assets have already been divested. CEO Tufan Erginbilgiç's turnaround strategy, featuring cost cuts and asset sales, has significantly boosted the company's H1 2023 operating profit, marking a fivefold increase from the previous year. So this may already be priced into the market.
Speed up
Analyst sentiment is also bullish, with no s...