Rolls-Royce Holdings PLC (LSE:RR.) shares have risen three-fold in little more than a year, but there is still a bit more to go according to Citigroup, which has raised its share price target to 555p.
“Positive sentiment will help the continued rerating, driven by accelerating wide body cycle (only a few delivery slots before 2030 for the A350 and 2028 for the A330),” said the bank.
Citi also expects the reinstatement of a dividend possibly at half-year results or at the full year to help the share price. 'Buy' is the investment rating.
Shares eased 2% to 475p.