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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Rolls-Royce Holdings plc    RR.   GB00B63H8491

ROLLS-ROYCE HOLDINGS PLC

(RR.)
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Real-time Estimate Quote. Real-time Estimate CHI-X - 01/27 06:16:49 am
96.4 GBX   +0.08%
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04:57aROLLS-ROYCE : Gets a Sell rating from JP Morgan
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01/26ROLLS-ROYCE : Goldman Sachs gives a Buy rating
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European shares end flat; Miners, Rolls-Royce lift FTSE 100 to 6-month high

12/03/2020 | 04:45am EST

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

* Significant gaps still remain at Brexit trade deal talks

* Euro zone business activity contracted sharply in November

* Rolls-Royce jumps 15.5%

* Ireland's ISEQ scales near 11-month high; Flutter jumps 6%

Dec 3 (Reuters) - European shares ended little changed on Thursday, as a surge in material stocks and Rolls-Royce helped counter downbeat business activity data from the region and Brexit trade deal uncertainty.

London's FTSE 100 reversed losses to hit a six-month high, up 0.4%, with miners Rio Tinto, Glencore and Anglo American providing the biggest boosts on record iron ore prices and buoyant copper.

Rolls-Royce surged 16% to top London's blue-chip index, as well as the pan-European STOXX 600 benchmark after a report said it was considering a possible re-entry into the narrow-body jetliner market.

Betting firm Flutter Entertainment was also among the top gainers on the STOXX 600 index, climbing 6%, after a $4.18 billion deal to increase its FanDuel holding to 95% and end Fastball's involvement in online sports betting platform FOX Bet.

Ireland's main ISEQ index jumped 2% to close at a near 11-month high.

Keeping sentiment in check was cautious comments on a post-Brexit trade deal between Britain and the European Union. Significant gaps still remain on three main issues at the negotiations, EU officials said.

"We think that eventually some kind of a very limited deal will be agreed upon at the very last minute," said Teeuwe Mevissen, senior market economist at Rabobank in Amsterdam, warning that there may not be too many details nor an overarching agreement.

Discussions around the EU budget, as well as U.S. jobs data due on Friday are among other events on investors' radar, Mevissen added.

Meanwhile, IHS Markit's composite PMI on Thursday showed euro zone business activity contracted sharply last month, with services PMI sinking to 41.7 from October's 46.9.

Germany's DAX led declines on the day, down 0.5%, while France's CAC 40 lost 0.2%.

The STOXX 600 has recovered about 45% from March lows, with November's bumper rally lifting it from a downtrend, but it still remains close to 10% below its highs this year.

While Europe looks to expected monetary policy easing from the European Central Bank next week, in the United States there were early signs that a $908 billion bipartisan proposal could be gaining traction as a negotiating tool for fresh relief for the pandemic-hit economy.

"The key message (from the ECB) will be that (it) is committed to administering its medicine for a long time, even as the economy gets back to health," said Andrew Kenningham, chief Europe economist at Capital Economics. (Reporting by Susan Mathew in Bengaluru; Editing by Shounak Dasgupta and Sriraj Kalluvila)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLC -4.36% 2401.5 Delayed Quote.3.55%
CAC 40 -0.78% 5483.72 Real-time Quote.-1.42%
DAX -0.81% 13758.28 Delayed Quote.1.11%
EURO / BRITISH POUND (EUR/GBP) -0.27% 0.88272 Delayed Quote.-0.60%
FLUTTER ENTERTAINMENT PLC -2.95% 154.85 Real-time Quote.-4.40%
GLENCORE PLC -4.37% 243.85 Delayed Quote.9.44%
MSCI UNITED KINGDOM (STRD, UHD) 0.78% 1069.255 Real-time Quote.2.91%
RIO TINTO PLC -2.62% 5757 Delayed Quote.8.03%
ROLLS-ROYCE HOLDINGS PLC 0.55% 97.08 Delayed Quote.-13.42%
STOXX EUROPE 600 -0.60% 405.22 Delayed Quote.1.53%
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Financials
Sales 2020 11 048 M 15 180 M 15 180 M
Net income 2020 -2 950 M -4 054 M -4 054 M
Net Debt 2020 3 796 M 5 216 M 5 216 M
P/E ratio 2020 -1,05x
Yield 2020 -
Capitalization 8 048 M 11 053 M 11 058 M
EV / Sales 2020 1,07x
EV / Sales 2021 1,12x
Nbr of Employees 51 700
Free-Float 99,4%
Chart ROLLS-ROYCE HOLDINGS PLC
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Technical analysis trends ROLLS-ROYCE HOLDINGS PLC
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 90,81 GBX
Last Close Price 96,32 GBX
Spread / Highest target 63,0%
Spread / Average Target -5,72%
Spread / Lowest Target -64,3%
EPS Revisions
Managers and Directors
NameTitle
David Warren Arthur East Chief Executive Officer & Director
Ian Edward Lamert Davis Chairman
Stephen Wayne Daintith Chief Financial Officer & Executive Director
Paul Stein Chief Technology Officer
Lewis William Killcross Booth Independent Non-Executive Director
Sector and Competitors