Rolls‑Royce Holdings (RR.L) Share Price Rises on Emirates Engine Deal and Broker Support

Rolls‑Royce Holdings plc (LSE: RR.) was among the standout movers on the FTSE 100 today, with the Rolls‑Royce share price climbing as investors reacted to a fresh Emirates engine agreement and ongoing positive broker sentiment.

As of the latest London trading data on 20 November 2025, Rolls‑Royce shares were trading around 1,095.5p, up roughly 2.7% on the day from a previous close of 1,066.5p. The stock has moved within an intraday range of about 1,075.5p to 1,100.0p, putting it within sight of its 52‑week high near 1,195p and far above its 52‑week low just above 520p. ^[1]

That rally leaves the engineering group valued at just under £91bn, based on real‑time market data, and trading on a forward P/E ratio above 50 with a modest dividend yield of around 0.55%. ^[2]

The strength in Rolls‑Royce also helped lift the wider UK market mood. The FTSE 100 index advanced more than 0.5%today, snapping a five‑day losing streak, with Rolls‑Royce rising around 2.3% alongside other defensive names such as BAE Systems, BP and Shell. ^[3]

Rolls‑Royce share price today (20 November 2025)

Last price: ~1,095.5p
Daily change: +29.0p (about +2.7%) vs previous close of 1,066.5p
Day range: roughly 1,075.5p – 1,100.0p
52‑week range: approx. 517–1,195p
Market cap: about £90.8bn
Valuation: P/E c. 52.5x, dividend yield c. 0.55% ^[4]

Recent price history helps explain today’s enthusiasm. After closing at 1,066.5p yesterday and trading above 1,100pearlier this month, the stock remains only a few percentage points below its recent highs. ^[5]Commentary from market writers recently noted that the Rolls‑Royce share price has roughly doubled in 2025 so far, extending a powerful multi‑year recovery rally. ^[6]

Key news moving Rolls‑Royce on 20 November 2025

1. Emirates A380 engine deal reinforces long‑term revenue

The headline corporate development today came from the Middle East. Emirates, the largest operator of the Airbus A380, signed a memorandum of understanding with Rolls‑Royce to perform maintenance, repair and overhaul (MRO) on the Trent 900 engines that power its A380 fleet. ^[7]

According to Reuters:

The agreement will see Emirates carry out MRO work on its Trent 900 engines from 2027, in collaboration with Rolls‑Royce.
The deal includes an extension of the TotalCare service plan between the two companies, stretching into the 2040s, which effectively lengthens Rolls‑Royce’s long‑term aftermarket revenue visibility.
Emirates is working to extend the life of its A380 fleet well into the next decade despite production of the superjumbo ending in 2021. ^[8]

For Rolls‑Royce shareholders, the significance is twofold:

Aftermarket cash flows: Engine servicing contracts under TotalCare are a key driver of recurring, high‑margin revenue. Extending Emirates’ coverage helps underpin the group’s cash generation beyond its current guidance window.
Relationship repair: Emirates has previously been critical of Rolls‑Royce’s engines for the Airbus A350‑1000, but the airline has expressed satisfaction with the smaller A350‑900 and is now deepening its cooperation through this A380 deal, signalling an improving strategic relationship. ^[9]

Today’s share price move suggests investors view the agreement as another proof‑point that Rolls‑Royce’s civil aerospace franchise remains central to wide‑body flying well into the 2030s and 2040s.

2. Citi offers “cautious backing” amid Trent engine upgrades

A second key news item today came from the analyst community. Citi reiterated a supportive stance on Rolls‑Royce while noting that it maintains a “cautious” approach as the company continues upgrades to its Trent 1000XE engines. ^[10]

Reporting from Proactive Investors indicates that:

Citi’s analysts see ongoing improvements to the Trent 1000XE as an important step in bolstering reliability and customer confidence.
The bank remains constructive on the shares but highlights the need for Rolls‑Royce to execute flawlessly on its engine upgrade programme and cost‑reduction plans. ^[11]

This kind of “cautious backing” is consistent with the broader market tone: recognition that Rolls‑Royce has made huge strides under its transformation programme, but also awareness that the group must manage complex technical and supply‑chain challenges.

3. Fresh broker optimism and rating momentum

Over the last 24–48 hours, today’s moves have been framed by a run of favourable analyst notes:

The Motley Fool UK highlighted that despite a roughly 10% pullback since September, one analyst team has upgraded Rolls‑Royce to an “Outperform” stance and lifted its price target, arguing that the long‑term story remains intact after the latest trading update. ^[12]
Separately, Royal Bank of Canada (RBC) recently initiated Rolls‑Royce with an “outperform” rating, citing the strength of its wide‑body engine portfolio and forecasting that the company could outgrow the broader market by around 200 basis points per year, supporting an estimated 8% compound annual sales growth through 2030. ^[13]
A broader review of coverage compiled by MarketBeat shows Rolls‑Royce carrying an average analyst rating of “Moderate Buy” from six analysts, with a mix of holds, buys and one strong buy. Recent moves included RBC’s “outperform”, a Berenberg upgrade to “hold”, and Goldman Sachs initiating coverage with a “buy”recommendation. ^[14]

This alignment of positive views from both UK and international brokers appears to be underpinning investor confidence, even with the shares already up significantly this year.

Context: Strong 2025 momentum and November trading update

Today’s price action sits on top of a strong operational backdrop that has been building throughout 2025.

Trading update reinforces 2025 guidance

On 13 November 2025, Rolls‑Royce issued a trading update covering performance to 31 October 2025. Management:

Reaffirmed full‑year 2025 guidance for underlying operating profit of £3.1–3.2bn and free cash flow of £3.0–3.1bn, despite ongoing supply‑chain pressures. ^[15]
Reported that large engine flying hours in Civil Aerospace for the first ten months of the year were about 109% of 2019 levels, underlining the full recovery of long‑haul travel and the associated service revenue. ^[16]
Highlighted significant new engine orders from customers such as IndiGo, Malaysia Airlines and Avolon, alongside growing demand for the Trent XWB‑97 that powers the Airbus A350F freighter. ^[17]
Emphasised continued progress in its multi‑year transformation programme, focused on margin improvement, disciplined capital allocation and balance‑sheet strengthening. ^[18]

Research from Morningstar following this update described Rolls‑Royce as benefitting from strong civil aerospace demand and defence momentum, while viewing the shares as roughly fairly valued on a risk‑adjusted basis after their powerful rally. ^[19]

A spectacular share price recovery

The trading update capped what has already been a remarkable year:

Commentators note that the Rolls‑Royce share price has roughly doubled in 2025 alone, after also delivering large gains in 2023 and 2024. ^[20]
Over the last few weeks, daily closing prices have regularly been in the 1,070–1,160p range, compared with levels below 550p within the last 12 months. ^[21]

This backdrop of rapid repricing means today’s buyers are paying a much richer multiple than investors who backed the turnaround earlier, which is one reason why many analysts urge some caution even while remaining broadly positive.

How today’s move fits into the bigger picture for Rolls‑Royce

Bringing these threads together, today’s share price strength appears driven by three main factors:

Long‑term revenue visibility
The Emirates A380 MRO and TotalCare extension gives investors greater confidence in Rolls‑Royce’s long‑dated service revenue, a cornerstone of the investment case. Multi‑decade contracts like this help smooth cash flows through the cycle. ^[22]
Supportive analyst sentiment
Ongoing backing from Citi, fresh “Outperform” calls from RBC and others, and a Moderate Buy consensus rating help to validate the turnaround story in the eyes of institutional investors. ^[23]
A favourable market backdrop
With the FTSE 100 bouncing after a weak spell and defensives in demand, Rolls‑Royce’s combination of aerospace exposure and defence revenues makes it a natural beneficiary of any rotation into quality large‑caps. ^[24]

What to watch next for RR.L investors

Looking ahead, traders and longer‑term shareholders are likely to focus on a few key questions:

Execution on engine programmes: Can Rolls‑Royce deliver on the Trent 1000XE upgrades and other technical projects without major setbacks, keeping both airlines and regulators onside? ^[25]
Sustaining cash generation: Will the company hit its ambitious 2025 free‑cash‑flow targets and maintain strong conversion beyond 2025, especially as new contracts like Emirates’ A380 deal ramp up? ^[26]
Valuation vs growth: With the shares now trading on a high‑teens to low‑20s earnings multiple on forward estimates (and a headline trailing P/E over 50), do future earnings and cash‑flow upgrades justify today’s price, or is most of the good news already priced in? ^[27]

For now, the market’s verdict on 20 November 2025 is clear: investors are prepared to keep backing Rolls‑Royce’s recovery as long as the company continues to deliver operationally and secure high‑quality, long‑term customer deals.

This article is for information only and does not constitute investment advice. Investors should do their own research or consult a regulated financial adviser before making investment decisions.

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