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Posted by
Two Blokes May 26 -
Filed in
Stock
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2 views
Rolls-Royce's price has rebounded to pre-pandemic levels, which is also mirrored in its revenues and a 3x increase in operating profit since 2019. With its 60% price rise YTD, the stock has far surpassed both the overall markets and the aerospace and defence industry, but its uptick is far from over. The company's recent trading update indicates continued progress, and its projections for both the short and medium term reflect much upside for the stock based on market multiples.
